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

Statutory Rules

1980 No. 133

REGULATION UNDER THE INCOME TAX (RATES) ACT 19761

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 thirtieth day of May 1980.

ZELMAN COWEN

Governor-General

By His Excellency’s Command,

JOHN HOWARD

Treasurer

AMENDMENT OF THE INCOME TAX (INDEXATION) REGULATIONS2

  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 1980

• “5.

  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 1980 is 1.075.”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 3 June 1980.

2. Statutory Rules 1977 No. 76 as amended by Statutory Rules 1978 No. 79; 1979 No. 112.