Income Tax Regulations (Amendment) (Cth)

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Statutory Rules 1989

No. 1151

__________

 

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 14 June 1989.

BILL HAYDEN

Governor-General

By His Excellency’s Command,

 

J S Dawkins

Minister of State for

Employment, Education

and Training for andon

behalf of the Treasurer

__________________

     

Commencement

1.(1) Subject to subregulation (2), these Regulations commence on 1 July 1989.

(2) Subregulation 9 (2) commences on 1 January 1990.

Principal Regulations

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

Income tax instalment amounts

3. Regulation 54ab of the Principal Regulations is amended:

(a) by omitting from paragraph (3) (ea) “or, where no such factor is specified, .5025”;

(b) by omitting from paragraph (3) (eb) “or, where no such factor is specified, .49”.

_________________________________________________________________________________

(S.R. 142/89)—Cat. No. 14/26.5.1989

 

Rate of deductions—employee in receipt of retirement amounts etc.

4. Regulation 54daaa of the Principal Regulations is amended by omitting “or the sum of those amounts” (wherever occurring).

Rate of deductions where eligible lump sum is included

5. Regulation 54daac of the Principal Regulations is amended:

(a) by omitting “or from the sum of those amounts”;

(b) by omitting “25.25 cents” and substituting “22.25 cents”;

(c) by omitting “or the sum of those amounts”.

Rate of deductions

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

(a) by omitting from paragraph 54dap (1a) (c) “, or, where no such factor is specified, .5025”;

(b) by omitting from paragraph 54dap (1a) (d) “, or, where no such factor is specified, .49”.

Deduction from prescribed payments

7. Regulation 54zed of the Principal Regulations is amended by omitting from subregulation (1a) “ or, where no such factor is specified, .5025”.

Ascertaining amounts to be deducted for failure to quote tax file number

8. Regulation 54zel of the Principal Regulations is amended by omitting “, or, where no such factor is specified, .5025”.

Third Schedule

9.(1) The Third Schedule to the Principal Regulations is repealed and the following Schedule substituted:

THIRD SCHEDULE

Regulation 54ab

TABLES TO BE USED IN CALCULATION OF INCOME TAX INSTALMENT AMOUNTS IN RELATION TO EMPLOYEES

TABLE I—RELATING TO EMPLOYEE TO WHOM PARAGRAPH 54b (1) (c) APPLIES

Column 1

Column 2

Column 3

Column 4

Item No.

Range in respect of relevant amount of earnings of employee

Factor

Amount

$

1

Not exceeding $93.99.........................................................................

0

0

2

Exceeding $93.99 but not exceeding $179.99.......................................

.2130

20.0200

3

Exceeding $179.99 but not exceeding $191.99.....................................

.4171

56.7955

4

Exceeding $191.99 but not exceeding $332.99.....................................

.2263

20.0151

5

Exceeding $332.99 but not exceeding $388.99.....................................

.3077

47.1761

6

Exceeding $388.99 but not exceeding $665.99.....................................

.4025

84.0952

7

Exceeding $665.99 but not exceeding $954.99.....................................

.4825

137.4491

8

Exceeding $954.99.............................................................................

.5025

156.5568

 

THIRD SCHEDULE— continued

TABLE 2—RELATING TO EMPLOYEE TO WHOM PARAGRAPH 54ba (1) (c) APPLIES

Column 1

Column 2

Column 3

Column 4

Item No.

Range in respect of relevant amount of earnings of employee

Factor

Amount

$

1

Not exceeding $93.99.........................................................................

0

0

2

Exceeding $93.99 but not exceeding $332.99.......................................

.213

20.02

3

Exceeding $332.99 but not exceeding $388.99.....................................

.295

47.18

4

Exceeding $388.99 but not exceeding $665.99.....................................

.390

84.17

5

Exceeding $665.99 but not exceeding $954.99.....................................

.470

137.53

6

Exceeding $954.99.............................................................................

.490

156.64

TABLE 3—RELATING TO EMPLOYEE TO WHOM PARAGRAPH 54ba (1) (d) APPLIES

Column 1

Column 2

Column 3

Column 4

Item No.

Range in respect of relevant amount of earnings of employee

Factor

Amount

$

1

Not exceeding $93.99.........................................................................

0

0

2

Exceeding $93.99 but not exceeding $303.99.......................................

.2130

20.0200

3

Exceeding $303.99 but not exceeding $323.99.....................................

.3153

50.9983

4

Exceeding $323.99 but not exceeding $332.99.....................................

.2199

20.0159

5

Exceeding $332.99 but not exceeding $388.99.....................................

.3013

47.1702

6

Exceeding $388.99 but not exceeding $665.99.....................................

.3962

84.1282

7

Exceeding $665.99 but not exceeding $954.99.....................................

.4762

137.4821

8

Exceeding $954.99.............................................................................

.4962

156.5898

TABLE 4—RELATING TO EMPLOYEE TO WHOM REGULATION 54d APPLIES

Column 1

Column 2

Column 3

Column 4

Item No.

Range in respect of relevant amount of earnings of employee

Factor

Amount

$

1

Not exceeding $74.99.........................................................................

.2225

0.2225

2

Exceeding $74.99 but not exceeding $131.99.......................................

.3025

6.2994

3

Exceeding $131.99 but not exceeding $408.99.....................................

.4025

19.5687

4

Exceeding $408.99 but not exceeding $697.99.....................................

.4825

52.3379

5

Exceeding $697.99.............................................................................

.5025

66.2994

TABLE 5-RELATING TO EMPLOYEE TO WHOM REGULATION 54da APPLIES

Column 1

Column 2

Column 3

Column 4

Item No

Range in respect of relevant amount of earnings of employee

Factor

Amount

$

1

Not exceeding $395.99.......................................................................

.29

0.29

2

Exceeding $395.99 but not exceeding $672.99.....................................

.39

39.91

5

Exceeding $672.99 but not exceeding $960.99.....................................

.47

93.75

4

Exceeding $960.99.............................................................................

.49

112.98

(2) The Third Schedule to the Principal Regulations is amended:

(a) by omitting Items 7 and 8 from Table 1 and substituting the following item:

  • “7 Exceeding $665.99

                                                                                .4825  137.4491”;

(b) by omitting Items 5 and 6 from Table 2 and substituting the following item:

  • “5 Exceeding $665.99

                                                                                  .470  137.53”;

 (c) by omitting Items 7 and 8 from Table 3 and substituting the following item:

“7 Exceeding $665.99  .4762 137.4821”;

(d) by omitting Items 4 and 5 from Table 4 and substituting the following item:

“4 Exceeding $408.99  .4825  52.3379”;

(e) by omitting Items 3 and 4 from Table 5 and substituting the following item:

“3 Exceeding $672.99. .47       93.75”.

_________________________________________________________________________________

NOTES

1. Notified in the Commonwealth of Australia Gazette on 15 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 and 80.

                                   

Printed by Authority by the Commonwealth Government Printer

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