Income Tax Amendment Regulations 2008 (No. 1) (Cth)

Income Tax Amendment Regulations 2008 (No. 1)¹

Select Legislative Instrument 2008 No. 141

I, PHILIP MICHAEL JEFFERY, Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Income Tax Assessment Act 1936.

Dated 24 June 2008

P. M. JEFFERY

Governor‑General

By His Excellency’s Command

CHRIS BOWEN

Assistant Treasurer

1. Name of Regulations

These Regulations are the Income Tax Amendment Regulations 2008 (No. 1).

1. Commencement

These Regulations commence on the commencement of the Tax Laws Amendment (Election Commitments No. 1) Act 2008.

1. Amendment of Income Tax Regulations 1936

Schedule 1 amends the Income Tax Regulations 1936.

1. Application

These Regulations apply to amounts withheld from fund payments made in relation to the first income year starting on or after the first 1 July after the commencement of these Regulations, and later income years.

Schedule 1          Amendment

(regulation 3)

[1]          After subparagraph 56 (4) (h) (iii)

insert

(iv) the total of any amounts withheld from fund payments under Subdivision 12‑H of Schedule 1 of the Taxation Administration Act 1953; and

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See