Estate Duty Regulations (Amendments) (Cth)

STATUTORY RULES.

1964. No. 22.

 

REGULATIONS UNDER THE ESTATE DUTY ASSESSMENT ACT 1914-1963.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Estate Duty Assessment Act 1914-1963.

Dated this tenth day of February, 1964.

DE L’ISLE

Governor-General.

By His Excellency’s Command,

Sg

Treasurer.

 

Amendments of the Estate Duty Regulations.

Parts.

1. Regulation 2 of the Estate Duty Regulations is amended by omitting the words—

“Part V.—Miscellaneous (Regulations 29-37).”

and inserting in their stead the words—

“Part V.—Miscellaneous (Regulations 29-36).”.

Exemption from furnishing returns.

2. Regulation 5 of the Estate Duty Regulations is amended—

(a) by omitting from paragraph (a) the words “Five thousand pounds” and inserting in their stead the words “Ten thousand pounds”; and

(b) by omitting from paragraph (b)the words “Two thousand five hundred pounds” and inserting in their stead the words “Five thousand pounds”.

How duty may be paid.

3. Regulation 18 of the Estate Duty Regulations is amended by omitting from paragraph (c) the words “Commonwealth Bank of Australia” and inserting in their stead the words “Reserve Bank of Australia”.

Decision of a Board.

4. Regulation 28e of the Estate Duty Regulations is amended by adding at the end thereof the following sub-regulation:—

“(2.) Upon the request of the Commissioner or the objector, made at the hearing, the Board when giving its decision shall state in writing its findings of fact and its reasons in law for the decision.”.

Value of life interest.

5. Regulation 37 of the Estate Duty Regulations is repealed.

Application.

6. The amendment effected by regulation 2 of these Regulations applies in relation to the estates of persons dying on or after the thirty-first day of October, 1963.

 

* Notified in the Commonwealth Gazette on 20th February, 1964.

  Statutory Rules 1941, No. 78 as amended by Statutory Rules 1942, No. 292; and 1956, No. 51.

 

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra.

10504/63.—Price 3d. 10/9.12.1963.