Income Tax and Social Services Contribution Regulations (Amendment) (Cth)

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STATUTORY RULES.

1955.

No. .

REGULATIONS UNDER THE INCOME TAX AND SOCIAL

SERVICES CONTRIBUTION ASSESSMENT ACT 1936-1954.*

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 Income Tax and Social Services Contribution Assessment Act 1936-1954.

Dated this thirty-first

day of  March , 1955.

Governor-General.

By His Excellency’s Command,

Treasurer.

Amendments or the Income Tax and Social Services Contribution

Regulations. 

1. Regulation 4aaof the Income Tax and Social Services Contribution Regulations is repealed and the following regulation inserted in its stead :—

Prescribed metals and minerals for purposes of sections 23 (p) and 23a.

“ 4aa. The following metals and minerals are—

(a) specified as metals and minerals in respect of which paragraph (p) of section 23 of the Act applies ; and

* Notified in the Commonwealth Gazette on  , 1955.

Statutory Rules 1936, No. 94, as amended by Statutory Rules 1939, Nos. 6 and 42; 1940, Nos. 188 and 289; 1941, Nos. 120 and 327; 1942. Nos. 339 and 553; 1943, Nos. 80, 127 and 151; 1944, Nos. 90 and 124; 1945, Nos. 12, 85, 169 and 192; 1946, Nos. 135; 1947, Nos. 77 and 173; 1948, Nos. 115 and 102; 1949, Nos. 25 and 50; 1950, Nos. 63 and 101; 1951, Nos. 136 and 157; 1952, Nos. 89, 90 and 102

 ; 1953, Nos. 55 and 88; and 1954, Nos. 11, 99 and 112.

5406.—Price 3d.

 9/18.2.1955.

 

(b) prescribed metals and minerals for the purposes of section 23a of the Act :—

Asbestos

Ores of—

Bauxite

Antimony

Chromite

Arsenic

Emery

Beryllium

Fluorspar

Bismuth

Graphite

Cobalt

Ilmenite

Columbium

Kyanite

Copper

Magnesite

Lithium

Manganese Oxides

Mercury

Mica

Molybdenum

Monazite

Nickel

Pyrite

Osmiridium

Quartz Crystals (piezo-electric quality)

Platinum

Radio-active Ores

Selenium

Rutile

Strontium

Sillimanite

Tantalum

Vermiculite

Tellurium

Zircon

Tin

Tungsten

Vanadium.”.

2. Regulation 4a of the Income Tax and Social Services Contribution Regulations is repealed and the following regulation inserted in its stead :—

Prescribed Life Tables for purposes of section 26aa.

“ 4a. The Australian Life Tables, 1946-1948, published by the Commonwealth Statistician, are the prescribed Life Tables for the purposes of paragraph (a) of sub-section (2.) of section 26aa of the Act.”.

Fee for medical examination.

3. Regulation 66 of the Income Tax and Social Services Contribution Regulations is amended—

 (a) by omitting from paragraph (a) the words “ Ten shillings ” and inserting in their stead the words “ Twenty-one shillings ”; and

 (b) by omitting from paragraph (b) the words “ Fifteen shillings ” and inserting in their stead the words “ Twenty- five shillings ”.

Application.

4. The amendments effected by regulations 1 and 2 of these Regulations apply for the purposes of assessments in respect of income of the year of income that commenced on the first day of July, 1954, and in respect of income of subsequent years.

                  

______________________

Printed for the Government of the Commonwealth by A. J. Arthur

at the Government Printing Office, Canberra.

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