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

STATUTORY RULES.

1951.

No..

REGULATIONS UNDER THE INCOME TAX AND SOCIAL SERVICES CONTRIBUTION ASSESSMENT ACT 1936-1951.*

I, THE ADMINISTRATOR of the Government of 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 1936-1951.

Dated this eleventh

day of December , 1951.

J. Northcott

Administrator.

By His Excellency’s Command,

Treasurer.

Amendments on the Income Tax and Social Services Contribution Regulations.

Livestock.

1. Regulation 5 of the Income Tax and Social Services Contribution Regulations is amended—

(a) by omitting from sub-regulation (1.) the words “, or paragraph (b) of sub-section (2.) of section 35 ”;

(b) by omitting from sub-regulation (1.) the words “ Form 3, Form 4 or Form 5 ” and inserting in their stead the words “ Form 3 or Form 4 ”; and

(c) by omitting sub-regulation (3.) and inserting in its stead the following sub-regulation :—

“ (3.) For the purposes of paragraph (b) of sub-section (1.) of section 34 of the Act, the minimum cost price in respect of livestock of a class specified in the following table is the price specified in that table opposite to that class :—

£	s.	d.
Sheep........................................................................................	4	0
Cattle........................................................................................	1	0	0
Horses.......................................................................................	1	0	0
Pigs...........................................................................................	5	0 ”.

* Notified in the Commonwealth Gazette on , 1951.

  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; 1940, No. 135 ; 1947, Nos. 77 and 173 ; 1948, Nos. 115 and 162 ; 1949, Nos. 25 and 50 ; 1950, Nos. 03 and 101 ; and 1951, No.

5356.—Price 3d 10/1.11.1951.

2. After regulation 54za 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

“ 54zb. For the purpose of ascertaining the amount of provisional tax and contribution payable 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, 1952, the references in sub-section (1.) of that section to the income tax assessed in respect of the year next preceding that year of income shall be read as references to the income tax and social services contribution so assessed, increased by an amount equal to ten per centum, of the income tax and social services contribution so assessed (but not including the pence (if any) in that amount), and the provisional tax and contribution payable apart from this regulation shall he increased accordingly.”.

Form 4, First Schedule.

3. The First Schedule to the Income Tax and Social Services Contribution Regulations is amended by omitting Form 4 and inserting in its stead the following form :—

Form 4.

Section 34.

Regulation 5.

Commonwealth of Australia.

Income Tax and Social Services Contribution Assessment Act 1936-19.

NOTICE OF SELECTION OF COST PRICE OF NATURAL INCREASE.

* Insert name of State or Territory.

I, of  in * , in pursuance of section 34 of the abovementioned Act, hereby select, as the cost, price of natural increase of each class of live stock to be taken into account, the value shown as the selected value opposite to that class, not being less than the value shown as minimum cost price.

Minimum cost price			Selected value.
£	s.	d.	£	s.	d.
Sheep......................................................................................	4	0
Cattle......................................................................................	1	0	0
Horses....................................................................................	1	0	0
Pigs.........................................................................................	5	0

Dated this day of , 19 .

Signature of Taxpayer.

Form 5, First Schedule.

4. The First Schedule to the Income Tax and Social Services Contribution Regulations is amended by omitting Form 5.

Form 10, First Schedule.

5. The first Schedule to the Income Tax and Social Services Contribution Regulations is amended by omitting Form 10 and inserting in its stead the following form :—

Form 10.

Section 234.

Regulation 57.

[Heading as in Form of Information.]

NOTICE OF ELECTION BY THE DEFENDANT TO HAVE A TAXATION

PROSECUTION TRIED IN A HIGHER COURT.

Notice is hereby given, in pursuance of section 234 of the income Tax and Social Services contribution Assessment Act 1936-19  , that the Defendant in the above-named prosecution elects to have the case tried either in the High Court of Australia or in the Supreme Court of  *.

* insert name of State or Territory.

Dated this day of , 19 .

(Signature of Defendant or his Solicitor or Counsel.)

  Insert address.

To the above-named Court, and to the Commissioner of Taxation [or the Deputy Commissioner of Taxation  ].

_______________

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