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Statement By Supplier What does a Statement by Supplier mean? A Statement by Supplier form can be used where you have provided services and you are not required to provide an Australian Business Number (ABN). This may be for various reasons, which are listed on the Statement by Supplier form. If you don’t have an ABN and you don’t provide a valid Statement by a Supplier form prior to payment, Yamatji Marlpa Aboriginal Corporation (YMAC) must deduct 49% of the amount as withholding tax and pay this tax to the Australian Taxation Office (ATO). If you would like YMAC to withhold, please let us know. Does filling in a Statement by Supplier form mean I don’t need to pay tax? Filling out a Statement by Supplier form only means YMAC will not take out the maximum amount of tax. You must tell the ATO about all payments you receive from YMAC. Payments you receive from YMAC for services are counted as income, and you need to report them, just like you would with a salary from a full time job. What about Child Support and Centrelink? All payments made to you by YMAC must be declared as income to the ATO, Centrelink and the Child Support Agency. Depending on your situation, your pensions or other benefits might change because of the payments you get from YMAC. Gnulli Country

Statement By Supplier - YMACymac.org.au/wp-content/uploads/2016/09/160816_FINAL... · 2016. 9. 12. · Statement by Supplier form. If you don’t have an ABN and you don’t provide

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Page 1: Statement By Supplier - YMACymac.org.au/wp-content/uploads/2016/09/160816_FINAL... · 2016. 9. 12. · Statement by Supplier form. If you don’t have an ABN and you don’t provide

Statement By Supplier

What does a Statement by Supplier mean?

A Statement by Supplier form can be used where you have provided services and you are not required to provide an Australian Business Number (ABN). This may be for various reasons, which are listed on the Statement by Supplier form.

If you don’t have an ABN and you don’t provide a valid Statement by a Supplier form prior to payment, Yamatji Marlpa Aboriginal Corporation (YMAC) must deduct 49% of the amount as withholding tax and pay this tax to the Australian Taxation Office (ATO). If you would like YMAC to withhold, please let us know.

Does filling in a Statement by Supplier form mean I don’t need to pay tax?

Filling out a Statement by Supplier form only means YMAC will not take out the maximum amount of tax. You must tell the ATO about all payments you receive from YMAC.

Payments you receive from YMAC for services are counted as income, and you need to report them, just like you would with a salary from a full time job.

What about Child Support and Centrelink?

All payments made to you by YMAC must be declared as income to the ATO, Centrelink and the Child Support Agency. Depending on your situation, your pensions or other benefits might change because of the payments you get from YMAC.

Gnulli Country

Page 2: Statement By Supplier - YMACymac.org.au/wp-content/uploads/2016/09/160816_FINAL... · 2016. 9. 12. · Statement by Supplier form. If you don’t have an ABN and you don’t provide

YMAC is not responsible for any changes or penalties to taxation, pensions, benefits or child support because of payments we make to you.

The ATO, Centrelink, the Child Support Agency and other Government Departments can ask YMAC to give them information about payments made to you or to others on their behalf. This is a legal requirement and YMAC must give them the information.

By accepting a payment from us, you give us permission to provide the information if they request it.

To avoid getting a debt you might need to tell these agencies when you get a payment from YMAC:

• The Australian Tax Office (132 861)

• Centrelink (136 380)

• Child Support Agency (131 272)

Can YMAC help me with my tax requirements?

Unfortunately, YMAC cannot legally give you specific tax or other advice. You can ask for more information on taxation and payments through the ATO 13 28 61, Centrelink on 13 63 80 or Child Support Agency on 13 12 72.

GERALDTON171 Marine Tce Geraldton WA

PO Box 2119 Geraldton WA 6531

T: 08 9965 6222 F: 08 9964 5646

HEDLAND2/29 Steel Loop, Wedgefield WA 6721

PO Box 2252 South Hedland WA 6722

T: (08) 9172 5433 F: (08) 9140 1277

TOM PRICE974 Central Road Tom Price WA

PO Box 27 Tom Price WA 6751

T: (08) 9188 1722 F: (08) 9188 1996

PERTHLevel 8, 12 The Esplanade Perth WA 6000

Box 3072 249 Hay St East Perth WA 6892

T: (08) 9268 7000 F: (08) 9225 4633

www.ymac.org.au | FREECALL: 1300 7 12345

Ngarla Country