Income Tax Regulations (Amendment) (Cth)
I,
THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice
of the Federal Executive Council, make the following Regulations under the
Dated 27 May 1993.
BILL HAYDEN Governor-General
By His Excellency's Command,
GEORGE GEAR
Assistant Treasurer
1.1 Regulations 3, 4, 5, 7 and 12 commence on 1 July 1993.
1.2 Regulations 8 and 10 are taken to have commenced on 1 July 1992.
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1.3 Regulation 9 is taken to have commenced on 1 July 1991.
[NOTE: The remainder of these Regulations commence on gazettal: see
2.1 The Income Tax Regulations are amended as set out in these Regulations.
3.1 Subregulation 70 (1) (definition of "shading out point"):
Omit "18.75", substitute "18.6".
4.1 Subparagraph 72 (1) (d) (ii):
Omit "$222", substitute "$225".
4.2 Paragraph 72 (2) (a):
Omit "$237", substitute "$242".
4.3 Paragraph 72 (2) (a):
Omit "222.42", substitute "225.11".
4.4 Paragraph 72 (2) (b):
Omit "$237", substitute "$242".
4.5 Paragraph 72 (2) (b):
Omit , substitute " ".
4.6 Paragraph 72 (2) (c):
Omit the formula, substitute " ".
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5.1 Paragraph 73 (1) (e):
Omit "$361", substitute "$380".
5.2 Paragraph 73 (2) (a):
Omit "$384", substitute "$408".
5.3 Paragraph 73 (2) (a):
Omit "360.66", substitute "380.07".
5.4 Paragraph 73 (2) (b):
Omit "$384", substitute "$408".
5.5 Paragraph 73 (2) (b):
Omit , substitute “ ”.
5.6 Paragraph 73 (2) (c):
Omit the formula, substitute “ ”.
6.1 Omit subregulations 124 (1) and (2), substitute:
"(1) For the purposes of subsection 221ad (2) of the Act, the amount of notional tax of a company in respect of the 1993-94 year of income is:
where:
"(2) For the purposes of subsection 221ad(2) of the Act, the prescribed date is 1 January 1993.".
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7.1 After regulation 127, insert:
"128. (1) For the purposes of the definition of "non-declaration percentage" in subsection 221yha (1) of the Act, the percentage specified in subregulation (2) is prescribed in substitution for 48.25%.
"(2) The substituted percentage is the factor specified (in column 3) in the last item in Table 4 in Schedule 3 expressed as a percentage.".
8.1 Definition of "18-20 at-home-rate benefit":
Omit the definition, substitute:
"
'
8.2 Definition of "18-20 independent-rate benefit":
Omit the definition, substitute:
"
'
8.3 Definition of "18-20 partnered-rate benefit":
Omit the definition, substitute:
"
'
8.4 Definition of "dependant partner-rate benefit":
Omit
"
8.5 Definition of "dependant partner-rate benefit" (subparagraph (c) (iv)):
Omit "dependant", substitute "dependent".
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8.6 Definition of "dependant partner-rate benefit" (subparagraphs
(d) (iii) and (iv)):
Omit the subparagraphs, substitute:
"(iii) has a dependent partner who:
(A) has turned 21; and
(B) does not receive an ABSTUDY allowance, an AUSTUDY allowance or a prescribed pension; and
(iv) does not have a dependent child; or".
8.7 Definition of "dependant partner-rate benefit" (subparagraphs (e) (ii) and (iii)):
Omit the subparagraphs, substitute:
"(ii) has a dependent child; and
(iii) whose partner does not receive an ABSTUDY allowance, an AUSTUDY allowance or a prescribed pension; or".
8.8 Definition of "illness-separated-rate benefit":
Omit the definition, substitute:
" '
(a) a rebatable benefit that is payable:
(i) in the circumstances referred to in columns 2 and 3a of item 4 of Table B at point 1067-B1 of SSA91; and
(ii) at a rate that has been increased under module C in section 1067 of SSA91; or
(b) a rebatable benefit that is payable:
(i) in the circumstances referred to in columns 2 and 3a of item 8 of Table B at point 1068-B1 of SSA91; and
(ii) at a rate that has been increased under module C in section 1068 of SSA91; or
(c) a rebatable benefit that is payable:
(i) in the circumstances referred to in columns:
(A) 2 and 3a; or
(B) 2 and 3b;
of item 9 of Table B at point 1068-B1 of SSA91; and
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(ii) at a rate that has been increased under module C in section 1068 of SSA91;".
8.9 Definition of "over 21 single-rate benefit":
Omit the definition, substitute:
"
'
8.10 Definition of "over-60-rate benefit":
Omit the definition, substitute:
"
'
8.11 Definition of "partnered half-rate benefit":
Omit the definition, substitute:
" '
(a) in the circumstances referred to in columns 2 and 3b of item 7 of Table B at point 1068-B1 of SSA91; and
(b) at a rate that has not been increased under module C in section 1068 of SSA91;".
8.12 Definition of "partnered parent half-rate benefit":
Omit the definition, substitute:
" '
(a) a rebatable benefit that is payable:
(i) in the circumstances referred to in columns 2 and 3a of item 3 of Table B at point 1067-B1 of SSA91; and
(ii) at a rate that has not been increased under module C in section 1067 of SSA91; or
(b) a rebatable benefit that is payable:
(i) in the circumstances referred to in columns 2 and 3a of item 6 or 7 of Table B at point 1068-B1 of SSA91; and
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(ii) at a rate that has not been increased under module C in section 1068 of SSA91;".
8.13 Definition of "sole-parent-rate benefit":
Omit the definition, substitute:
" '
(a) columns 2 and 3a of item 1 or 2 of Table B at point 1067-B1 of SSA91; or
(b) columns 2 and 3a of any of items 1 to 4 (inclusive) of Table B at point 1068-B1 of SSA91;".
8.14 Definition of "under-18 at-home-rate benefit":
Omit the definition, substitute:
"
'
8.15 Definition of "under-18 independent-rate benefit":
Omit the definition, substitute:
"
'
8.16 Definition of "under-18 partnered-rate benefit":
Omit the definition, substitute:
"
'
9.1 Paragraph 151 (7) (a):
Omit "2.2,".
9.2 Paragraph 151 (7) (a):
Omit "Part III", substitute "Divisions 4, 5 and 6 of Part III".
10.1 Subparagraph 152 (5) (a) (ii):
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Omit "dependant", substitute "dependent".
10.2 Sub-subparagraph 152 (5) (h) (iii) (A):
Omit "; and", substitute "; or".
10.3 Sub-subparagraph 152 (5) (h) (iii) (B):
Omit the sub-subparagraph, substitute:
"(B) receives an ABSTUDY allowance, an AUSTUDY allowance or a prescribed pension;".
11.1 New paragraph 152 (5) (ja):
After paragraph 152 (5) (j), insert:
"(ja) in the case of a taxpayer whose assessable income in the year of income includes an amount paid on or after 26 September 1991 as a benefit under the Textile, Clothing and Footwear Special Allowance—the amount that would have been included in the taxpayer's assessable income of the year of income if the taxpayer had received that benefit at the rate specified in item 3 of column 3b of Table B at point 1068-Bl of SSA91 throughout that year;".
12.1 Table 1:
Omit the Table, substitute:
"TABLE 1—EMPLOYEES TO WHOM PARAGRAPH 72 (1) (c) APPLIES
Column 1 | Column 2 | Column 3 | Column 4 |
Item | Range in respect of relevant amount of earnings of employee |
|
|
1 | Not exceeding $98.99 | 0 | 0 |
2 | Exceeding $98.99 but not exceeding $224.99 | 0.2031 | 20.1900 |
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|
Column 1 | Column 2 | Column 3 | Column 4 |
Item | Range in respect of relevant amount of earnings of employee |
|
|
3 | Exceeding $224.99 but not exceeding $241.99 | 0.4062 | 65.9138 |
4 | Exceeding $241.99 but not exceeding $391.99 | 0.2173 | 20.1927 |
5 | Exceeding $391.99 but not exceeding $685.99 | 0.3940 | 89.4591 |
6 | Exceeding $685.99 but not exceeding $954.99 | 0.4740 | 144.3514 |
7 | Exceeding $954.99 | 0.4840 | 153.9053" |
12.2 Table 3:
Omit the Table, substitute:
"TABLE 3—EMPLOYEES TO WHOM PARAGRAPH 73 (1) (d) APPLIES
Column 1 | Column 2 | Column 3 | Column 4 |
Item | Range in respect of relevant amount of earnings of employee |
|
|
1 | Not exceeding $98.99 |
|
|
2 | Exceeding $98.99 but not exceeding $379.99 |
|
|
3 | Exceeding $379.99 but not exceeding $391.99 |
|
|
4 | Exceeding $391.99 but not exceeding $407.99 |
|
|
5 | Exceeding $407.99 but not exceeding $685.99 |
|
|
6 | Exceeding $685.99 but not exceeding $954.99 |
|
|
7 | Exceeding $954.99 |
|
|
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12.3 Table 4:
Omit the Table, substitute:
"TABLE 4—EMPLOYEES TO WHOM REGULATION 77
APPLIES
Column 1 | Column 2 | Column 3 | Column 4 |
Item | Range in respect of relevant amount of earnings of employee | Factor |
|
1 | Not exceeding $106.99 | 0.2140 | 0.2140 |
2 | Exceeding $106.99 but not exceeding $400.99 | 0.3940 | 19.5986 |
3 | Exceeding $400.99 but not exceeding $670.99 | 0.4740 | 51.7525 |
4 | Exceeding $670.99 | 0.4840 | 58.4640" |
1. Notified in the
2. Statutory Rules 1936 No. 94 as amended by 1939 Nos. 6 and 42; 1940 Nos. 138 and 289; 1941 Nos. 120 and 327; 1942 Nos. 339 and 553; 1943 Nos. 80, 127 and 151; 1944 Nos. 90 and 124; 1945 Nos. 12, 85, 169 and 192; 1946 No. 135; 1947 Nos. 77 and 173; 1948 Nos. 115 and 162; 1949 Nos. 25 and 50; 1950 Nos. 63 and 101; 1951 Nos. 136 and 157; 1952 Nos. 89, 90 and 102; 1953 Nos. 55 and 88; 1954 Nos. 11, 99 and 112; 1955 No. 23; 1956 Nos. 34, 35 and 96; 1957 Nos. 39 and 74; 1958 Nos. 27 and 70; 1959 Nos. 25 and 81; 1960 Nos. 44 and 74; 1962 Nos. 15, 44 and 112; 1963 Nos. 53 and 92; 1964 Nos. 74, 121 and 134; 1965 Nos. 133 and 187; 1966 No. 156; 1967 Nos. 112 and 126; 1968 No. 1; 1969 No. 68; 1970 Nos. 43, 126, 168 and 213; 1971 Nos. 120 and 148; 1972 Nos. 48, 50 and 137; 1973 No. 266; 1974 Nos. 193, 226 and 267; 1975 Nos. 88, 89, 99, 101 and 213; 1976 Nos. 115, 188 and 212; 1977 Nos. 77, 107 and 248; 1978 Nos. 85 and 193; 1979 Nos. 126 and 239; 1980 Nos. 86, 137 and 149; 1981 Nos. 116 and 360; 1982 Nos. 115, 128, 267 and 280; 1983 Nos. 79, 87, 111, 213 and 319; 1984 Nos. 172, 286, 408, and 416; 1985 Nos. 21, 148, 274 and 278; 1986 No. 325 and Acts Nos. 28, 49 and 112, 1986; 1987 Nos. 92 and 120; 1988 Nos. 196, 208, 262, 381, 382, 383 and 384 and Act No. 97, 1988; 1989 Nos. 67, 80, 115, 123, 124, 141, 250 and 358; 1990 Nos. 19, 126, 151, 152, 192, 347, 390, 398 and 468; 1991 Nos. 20, 121, 156, 158, 240, 300, 301, 390 and 391; 1992 Nos. 38, 129, 216, 313 and 449; 1993 Nos. 15, 46, 47 and 65.
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