Income Tax Regulations (Amendment) (Cth)

Statutory Rules 1989 No. 1411

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 28 June 1989.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

Paul Keating

Treasurer

 

Commencement

1. Regulation 3 commences on 1 July 1989.

Principal Regulations

2. In these Regulations, “Principal Regulations” means the Income Tax Regulations.

Forwarding of declaration to Commissioner

3. Subregulation 54dan (3) of the Principal Regulations is omitted and the following subregulation substituted:

“(3) The employer shall retain the copy of a declaration until the second1 July after the day on which the declaration ceases to have effect.”.

Rate of deductions

4. Regulation 54dap of the Principal Regulations is amended:

(a) by omitting from paragraph (1a) (b) “under regulation 54daq”and substituting “on a form referred to in regulation 54dar”;

(b) by omitting from subregulation (1b) “under regulation 54daq” and substituting “on a form referred to in regulation 54dar”;

(c) by inserting in paragraph (1b) (b) “(other than in relation to an employment declaration that includes a statement referred to in subsection 202cb (2) of the Act)” after “of that Part”

 

(S.R. 170/89)—Cat. No. 14/13.6.1989

 

Statement of termination payment

5. Regulation 54daq of the Principal Regulations is amended by omitting subregulation (2a).

6. After regulation 54daq of the Principal Regulations the following regulation is inserted in Subdivision AAA:

Employee may quote tax file number

“54dar. (1) Before an eligible termination payment is made, the employee may quote his or her tax file number in a statement:

(a) on the form referred to in subparagraph 54daq (1) (a) (i); or

(b) on a form approved by the Commissioner for the purpose.

“(2) Where the employee quotes his or her tax file number in a statement on the form specified in paragraph (1) (b), that form shall be made available to the employer.

“(3) The employer shall retain the form made available under subregulation (2) until the second 1 July after the eligible termination payment is made.”.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 30 June 1989.

2. Statutory Rules 1936 No. 94 as amended to date. For previous amendments see Note 2 to Statutory Rules 1989 No. 67 and see also Statutory Rules 1989 Nos. 67, 80, 115, 123 and 124

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