Income Tax Regulations (Amendment) (Cth)

STATUTORY RULES.

1940. No..

 

REGULATIONS UNDER THE INCOME TAX ASSESSMENT ACT 1936-1940.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Income Tax Assessment Act 1936-1940.

Dated this sixteenth day of December, 1940.

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Amendments of Income Tax Regulations. 

Parts.

1. Regulation 2 of the Income Tax Regulations is amended by inserting after the words “Part VI.—Collection and Recovery of Tax.” the words “Part VIa.—Deductions from Salaries or Wages of Employees.”.

Returns by persons other than companies.

2. Regulation 10 of the Income Tax Regulations is amended by inserting in paragraph (d), after the item “Deductions claimed in respect of children;”, the item ‘, Deduction claimed in respect of mother;”.

Returns by companies.

3. Regulation 11 of the Income Tax Regulations is amended by omitting from, sub-paragraph (iii) of paragraph (c) of sub-regulation (2.) the words “Two hundred and fifty pounds” (wherever occurring) and inserting in their stead the words “Two hundred pounds.”.

How tax may be paid.

4. Regulation 44 of the Income Tax Regulations is amended—

(a) by omitting from paragraph (a) the words “or cheques” and inserting in their stead the words “cheques or tax stamps”; and

(b) by inserting in paragraph (b), after the word “sent”, the words”, or tax stamps”.

 

* Notified in the Commonwealth Gazette on , 1940.

  Statutory Rules 1936, No. 96, as amended by Statutory Rules 1936, Nos. 6 and 42, and 1940, No. 138.

7475.—15/9.12.1940.—Price 3d.

5. After Part VI. of the Income Tax Regulations the following Part is inserted:—

“Part VIa.—Deductions from Salaries or Wages of Employees.

Rates of deductions where no dependants.

“54a.—(1.) Where the salary or wages payable to an employee, in respect of any week or part thereof, exceeds Three pounds seventeen shillings, the rates at which the employer shall make deductions, for the purposes of section 221c of the Act, from every pound or part of a pound in excess of Ten shillings, shall be—

(a) where the salary or wages exceeds Three pounds seventeen shillings but does not exceed Four pounds ten shillings—sixpence;

(b) where the salary or wages exceeds Four pounds ten shillings but does not exceed Five pounds ten shillings—one shilling;

(c) where the salary or wages exceeds Five pounds ten shillings but does not exceed Six pounds ten shillings—one shilling and sixpence;

(d)where the salary or wages exceeds Six pounds ten shillings but does not exceed Seven pounds ten shillings—two shillings;

(e) where the salary or wages exceeds Seven pounds ten shillings but does not exceed Nine pounds ten shillings—two shillings and sixpence;

(f) where the salary or wages exceeds Nine pounds ten shillings but does not exceed Eleven pounds ten shillings—three shillings;

(g) where the salary or wages exceeds Eleven pounds ten shillings but does not exceed Seventeen pounds ten shillings— three shillings and sixpence;

(h) where the salary or wages exceeds Seventeen pounds ten shillings but does not exceed Eighteen pounds ten shillings—four shillings and sixpence; and

(i)where the salary or wages exceeds Eighteen pounds ten shillings—five shillings.

Rate of deductions where employee has dependants.

“54b.—(1.) Notwithstanding anything contained, in the last preceding regulation, where an employee furnishes to his employer, in a form approved by the Commissioner or the Deputy Commissioner and in the manner prescribed by these Regulations, a declaration that, on the first day of July immediately preceding the date or dates on which deductions are to be made, he was wholly maintaining one or more dependent persons, the rate of deductions shall, in the case of that employee, be such rate as will cause the total amount deducted in pursuance of section 221c of the Act from the salary or wages, paid to him in respect of a week or part thereof, to be five shillings less in respect of each such dependent person than that total amount would be if the deductions were made at the rate prescribed by the last preceding regulation.

“(2.) For the purposes of this regulation “dependent person” means a person to whom, in respect of the employee, paragraph (a) (b), or (ba) of section 79 of the Act applies.

 

Manner in which declaration to be furnished.

“54c. An employee furnishing a declaration for the purposes of the last preceding regulation shall complete and sign, in duplicate, the form approved by the Commissioner or Deputy Commissioner and shall furnish both copies, one marked “original” and the other marked “duplicate”, to the employer.

Employer to forward duplicate to Deputy Commissioner.

“54d. Within thirty days of receiving a declaration furnished to him in accordance with the last preceding regulation, an employer shall sign and forward the copy marked “duplicate” to the Deputy Commissioner for the State in which the declaration is furnished.

Penalty: Twenty pounds.”.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.