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

Statutory Rules

1979 No. 112

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 twenty-eighth day of June 1979.

ZELMAN COWEN

Governor-General

By His Excellency’s Command,

JOHN HOWARD

Treasurer

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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 subsection 9 (2) for year of income commencing 1 July 1979

“4. 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 1979 is 1.065.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 29 June 1979.

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