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

STATUTORY RULES.

1952. No. 102.

REGULATIONS UNDER THE INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT ACT 1936-1952.*

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 1936-1952.

Dated this fourth day of December, 1952.

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Amendments of the Income Tax and Social Services Contribution Regulations.

Specified metals and minerals for purposes of sec. 23 (p) of the Act.

1.—(1.) Regulation 4aa of the Income Tax and Social Services Contribution Regulations is amended by omitting the words “Tin, and” and inserting in their stead the words—

“Tin,

Uranium, and”.

(2.) The amendment effected by this regulation applies to assessments in respect of income of the year of income that commenced on the first day of July, 1952, and in respect of income of all subsequent years.

2. After regulation 54zb of the Income Tax and Social Services Contribution Regulations the following regulation is inserted in Division 3 of Part VI.:—

Provisional tax and contribution for year of income 1952-1953.

“54zc. The provisional tax and contribution payable, but for this regulation, by a taxpayer in accordance with the provisions of section 221yc of the Act in respect of the income of the year of income ending on the thirtieth day of June, 1953, shall be decreased to the amount that would be payable if the references in sub-section (1.) of that

 

* Notified in the Commonwealth Gazette on , 1952.

  Statutory Rules 1936, No. 94, as amended by Statutory Rules, 1939, Nos. 6 and 42; 1940, Nos. 138 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, No. 135; 1947, Nos. 77 and 173; 1948, Nos. 115 and 162; 1949, Nos. 25 and 50; 1950, Nos. 63 and 101; 1951, Nos. 136 and 157; and 1952, Nos. 89 and 90.

4738.—Price 3d. 9/6.11.1952.

section, in its application in respect of that provisional tax and contribution, to the income tax assessed in respect of the year next preceding that year of income were read as references to the income tax so assessed, reduced by the amount by which the income tax so assessed is greater than it would have been if section 9 of the Income Tax and Social Services Contribution Act 1951 had not been enacted.”.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.