Income Tax Regulations (Amendment) (Cth)

Statutory Rules 1991 No. 156

Income Tax Regulations2 (Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the

following Regulations under the Income Tax Assessment Act 1936.

Dated 27 June 1991.

BILL HAYDEN

Governor-General

By His Excellency's Command,

J. Kerin

Treasurer

91R016.DOC, 02/20/91, 03:56 P M

1. Amendment

1.1 The Income Tax Regulations are amended as set out in these

Regulations.

2 Income Tax 1991 No. 156

2. New regulation 12A

2.1 After regulation 12, insert:

Maximum deduction for superannuation contributions by eligible persons

"12A. (1) For the purposes of subparagraph 82AAT (2) (a) (ii) of the Act, the amount of a taxpayer's maximum deductible contributions to a complying superannuation fund for a year of income is:

(a)	where the taxpayer contributed to only one such fund during the year of income—an amount equal to the maximum deductible contributions that may be accepted by the fund in relation to the taxpayer under subregulation 18B (9) of the Occupational Superannuation Standards Regulations during the year of income; or
(b)	where the taxpayer contributed to more than one such fund during the year of income—the greatest amount ascertained under paragraph (a) separately for each of those funds.

"(2) This regulation applies in relation to the year of income that

commenced on 1 July 1990 and later years of income.".

NOTES

1. Notified in the Commonwealth of Australia Gazette on 1991. 28 June

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.s; 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 and 398., and 468, 199 Nos. 21 and 121