Estate Duty Regulations 1915 (Amendment) (Provisional) (Cth)

STATUTORY RULES.

1915. No. 136.

 

PROVISIONAL REGULATION UNDER THE ESTATE DUTY ASSESSMENT ACT 1914.

I, SIR RONALD MUNRO FERGUSON, the Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, do hereby certify that, on account of urgency, the following Regulation under the Estate Duty Assessment Act 1914 shall come into immediate operation, and make the Regulation to come into operation forthwith as a Provisional Regulation.

Dated this fourth day of August, One thousand nine hundred and fifteen.

R. M. FERGUSON,

Governor-General.

By This Excellency’s Command,

E. J. RUSSELL,

for Treasurer.

 

Statutory Rules 1915, No. 14, are hereby amended by adding, after Regulation 20, the following Regulation:—

Table of Calculation of Values.

21. Whenever it is necessary for the purpose of Section 8 (6) of the Act to calculate the value of a life interest or an interest for a period certain in an estate, the value shall be calculated in accordance with the appropriate value of £1 per annum shown in any standard set of tables for calculation of values on a four and a half per centum basis.

The appropriate value based upon the same periods of rest between the payments as are specified in the instrument creating the interest in the estate shall be employed. Where the instrument creating the interest does not specify any period of rest between payments, the appropriate value based upon annual payments shall be employed.

 

Printed and Published for the Government of the commonwealth of Australia by Albert J. Mullett, Government Printer for the State of Victoria.

C.9758.—Price 3d.