Income Tax Regulations (Amendment) (Cth)

Statutory Rules 1987

No. 921

________________

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 21 May 1987.

N. M. STEPHEN

Governor-General

 

By His Excellency’s Command,

Paul Keating

Treasurer

________

Commencement

1. These Regulations shall come into operation on 1 July 1987.

Third Schedule

2. The Third Schedule to the Income Tax Regulations is repealed and the following Schedule substituted: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 1—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 $150.99.................................	.2441	22.9595
3	Exceeding $150.99 but not exceeding $160.99...............................	.4476	53.8523
4	Exceeding $160.99 but not exceeding $237.99...............................	.2569	22.9736
5	Exceeding $237.99 but not exceeding $367.99...............................	.3077	35.0738
6	Exceeding $367.99 but not exceeding $665.99...............................	.4125	73.7067
7	Exceeding $665.99.......................................................................	.5025	133.7298

(S.R. 100/87)—Cat. No.

   15/14.5.1987

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 $237.99.................................	.244	22.95
3	Exceeding $237.99 but not exceeding $367.99...............................	.295	35.09
4	Exceeding $367.99 but not exceeding $665.99...............................	.400	73.80
5	Exceeding $665.99.......................................................................	.490	133.82

 

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 $237.99................................	.244	22.95
3	Exceeding $237.99 but not exceeding $251.99...............................	.295	35.0978
4	Exceeding $251.99 but not exceeding $268.99...............................	.3967	60.8076
5	Exceeding $268.99 but not exceeding $367.99...............................	.3013	35.0989
6	Exceeding $367.99 but not exceeding $665.99...............................	.4062	73.7650
7	Exceeding $665.99.......................................................................	.4962	133.7880

 

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 $131.99.................................................................	.3025	0.3025
2	Exceeding $131.99 but not exceeding $429.99...............................	.4125	14.8987
3	Exceeding $429.99.......................................................................	.5025	53.6679

 

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 $374.99.................................................................	.29	0.29
2	Exceeding $374.99 but not exceeding $672.99...............................	.40	41.54
3	Exceeding $672.99.......................................................................	.49	102.12

NOTES

 

1. Notified in the Commonwealth of Australia Gazette on 27 May 1987.

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. 1; 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 Act No.112, 1986