Income Tax (Indexation) Regulations (Amendment) (Cth)

Statutory Rules

1978 No. 79

REGULATION UNDER THE INCOME TAX (RATES) ACT 1976*

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and having regard to the matters referred to in sub-section 9 (5) of the Income Tax (Rates) Act 1976, hereby make the following Regulation under the Income Tax (Rates) Act 1976.

Dated this first day of June 1978.

ZELMAN COWEN

Governor-General

By His Excellency’s Command,

JOHN HOWARD

Treasurer

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AMENDMENT OF THE INCOME TAX (INDEXATION) REGULATIONS 

The Income Tax (Indexation) Regulations are amended by adding at the end thereof the following regulation:

Factor prescribed for purposes of sub-section 9 (2) for year of income commencing 1 July 1978

“ 3. For the purposes of sub-section 9 (2) of the Income Tax (Rates) Act 1976, the factor prescribed in relation to the year of income commencing on 1 July 1978 is 1.076. ”.

 

* Notified in the Commonwealth of Australia Gazette on 2 June 1978.

  Statutory Rules 1977, No. 76.