Income Tax Assessment Regulations (Amendment) (Cth)

Statutory Rules 1998No. 85 1

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Income Tax Assessment Regulations2 (Amendment)

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 the Income Tax Assessment Act 1997.

Dated 14 May 1998.

 WILLIAM DEANE

 Governor-General

By His Excellency’s Command,

C.R. KEMP

Assistant Treasurer

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1.   Commencement

1.1   These Regulations commence on gazettal.

2.   Amendment

2.1   The Income Tax Assessment Regulations are amended as set out in these Regulations.

3.   New regulation 28-25.01

3.1   Before regulation 51-5.01, insert:

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

“28-25.01 For section 28-25 of the Act, the number of cents is as set out in the following table:

Car not powered by a rotary engine—engine capacity (in cm3)	Car powered by a rotary engine—engine capacity (in cm3)	Number of cents
PART 1—1997-98 INCOME YEAR
Not exceeding 1600	Not exceeding 800	45.7
Exceeding 1600, but not exceeding 2600	Exceeding 800, but not exceeding 1300	51.9
Exceeding 2600	Exceeding 1300	53.8

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

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NOTES

1. Notified in the Commonwealth of Australia Gazette on 14 May 1998.

2. Statutory Rules 1997 No. 198.