Income Tax Regulations (Amendment) (Cth)

Statutory Rules

1973

No. 266

REGULATION UNDER THE INCOME TAX ASSESSMENT ACT 1936-1973.*

I, THE GOVERNOR-GENERAL of Australia, acting with the advice of the Executive Council, hereby make the following Regulation under the Income Tax Assessment Act 1936-1973.

Dated this eighteenth day of December, 1973.

PAUL HASLUCK

Governor-General.

By His Excellency’s Command,

FRANK CREAN

Treasurer.

————

Amendments of the Income Tax Regulations 

Definitions.

Regulation 54zf is amended—

(a) by omitting from the definition of “ interest ” in sub-regulation (1) the words “ but does not include an amount deemed to be interest by section 26c of the Act ” and substituting the words “ not being an amount referred to in sub-section 26c (l) of the Act ”; and

(b) by omitting sub-regulation (2) and substituting the following sub-regulation:—

“ (2) Subject to sub-regulation (3), for the purposes of this Division, the following are prescribed countries:—

(a) a country, other than Australia, the Government of which is a party to a convention or agreement a copy of which is set out in a Schedule to the Income Tax (International Agreements) Act 1953-1973, being a convention or agreement—

(i) the provisions of which, so far as they affect Australian tax, have the force of law as provided by that Act; and

(ii) that contains a provision limiting the amount of Australian tax payable in respect of a dividend;

(b) Papua New Guinea.”.

 

* Notified in the Australian Government Gazette on 19 December 1973.

  Statutory Rules 1936, No. 94, as amended by Statutory Rules 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; and 1972, Nos. 48, 50 and 137.