Income Tax Regulations (Amendment) (Cth)

Statutory Rules

1975 No. 89

REGULATIONS UNDER THE INCOME TAX ASSESSMENT ACT 1936-1974.*

I, THE ADMINISTRATOR of the Government of Australia, acting with the advice of the Executive Council, hereby make the following Regulations under the Income Tax Assessment Act 1936-1974.

Dated this fifteenth day of May, 1975.

A. R. CUTLER

Administrator.

By His Excellency’s Command,

Treasurer.

Amendments of the Income Tax Regulations 

1. Regulation 4a of the Income Tax Regulations is repealed and the following regulation substituted:—

Prescribed Life Tables for purposes of paragraph 26aa (2) (a) of Act.

“4a. For the purposes of paragraph 26aa (2) (a) of the Act, the prescribed Life Tables are—

(a) in the case of an annuity that first commenced to be derived before 1 July 1958—the Australian Life Tables 1946-1948 published by the Commonwealth Statistician;

(b) in the case of an annuity that first commenced to be derived on or after 1 July 1958 and before 20 April 1972—the Australian Life Tables 1953-1955 published by the Commonwealth Statistician;

(c) in the case of an annuity that first commenced to be derived on or after 20 April 1972 and before the commencement of this regulation—the Australian Life Tables 1960-1962 published by the Commonwealth Statistician; or

(d) in the case of an annuity that first commenced or commences to be derived on or after the commencement of this regulation—the Australian Life Tables 1965-1967 published by the Commonwealth Statistician.”.

 

* Notified in the Australian Government Gazette on 27 May 1975.

  Statutory Rules 1936, No. 94 as amended to date. For previous amendments of the Income Tax Regulation seefootnote   to Statutory Rules 1975, No. 88, and see also Statutory Rules 1975, No. 88.

13100/75—Recommended retail price 5c 10/8.5.1975

 

2. Regulation 7 of the Income Tax Regulations is repealed and the following regulation substituted:—

Prescribed institutions of advanced education for purposes of sub-paragraph 78 (1) (a) (xliii) of Act.

“7. For the purposes of sub-paragraph 78 (1) (a) (xliii) of the Act, each of the following institutions is a prescribed institution of advanced education:—

(a) an institution that is a college of advanced education within the meaning of the States Grants (Advanced Education) Act 1972-1974; and

(b) the Canberra College of Advanced Education.”.

Fifth Schedule.

3. The Fifth Schedule to the Income Tax Regulations is repealed.

Printed by Authority by the Government Printer of Australia