Income Tax Assessment Amendment Regulations 2000 (No. 1) (Cth)

Income Tax Assessment Amendment Regulations 2000 (No. 1)

Statutory Rules 2000 No. 1

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under theIncome Tax Assessment Act 1997.

Dated 2 February 2000.

WILLIAM DEANE

Governor-General

By His Excellency’s Command,

c. r. kemp

Assistant Treasurer

Income Tax Assessment Amendment Regulations 2000 (No. 1)1

Statutory Rules 2000 No. 12

made under the

Income Tax Assessment Act 1997

   

Contents

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1Name of Regulations

 These Regulations are the Income Tax Assessment Amendment Regulations 2000 (No. 1).

2Commencement

 These Regulations commence on gazettal.

3Amendment of Income Tax Assessment Regulations 1997

Schedule 1 amends the Income Tax Assessment Regulations 1997.

Schedule 1Amendments

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(regulation 3)

[1]Regulation 28-25.01

substitute

28-25.01Car expenses — cents per kilometre (Act, s 28-25)

For the purposes of section 28-25 of the Act, the number of cents used for calculating a deduction for car expenses for an income year, using the ‘cents per kilometre’ method, is set out in Part 2 of Schedule 1.

[2]After regulation 995-1.01

insert

Schedule 1Cents per kilometre

(regulation 28-25.01)

Part 1Definitions

In this Schedule:

small car means a car that is powered by:

• (a)

  an engine (other than a rotary engine) with a capacity that does not exceed 1600 cm3; or

• (b)

  a rotary engine with a capacity that does not exceed 800 cm3.

medium car means a car that is powered by:

• (a)

  an engine (other than a rotary engine) with a capacity that exceeds 1600 cm3 but does not exceed 2600 cm3; or

• (b)

  a rotary engine with a capacity that exceeds 800 cm3 but does not exceed 1300 cm3.

large car means a car that is powered by:

• (a)

  an engine (other than a rotary engine) with a capacity that exceeds 2600 cm3; or

• (b)

  a rotary engine with a capacity that exceeds 1300 cm3.

  Part 2Cents

Item	Year of income	Small car	Medium car	Large car
1	1997-98	45.7	51.9	53.8
2	1998-99	45.7	51.9	53.8
3	1999-00	45.9	54.9	55.8

Note For the rate prescribed for earlier income years, see r 147 of the Income Tax Regulations 1936.

Notes

1. These Regulations amend Statutory Rules 1997 No. 198, as amended by 1998 No. 85; 1999 Nos. 12, 78 and 147.

2. Made by the Governor-General on 2 February 2000, and notified in the Commonwealth of Australia Gazette on 7 February 2000.