Income Tax Regulations (Amendment) (Cth)

STATUTORY RULES

1969 No.

 

REGULATION UNDER THE INCOME TAX ASSESSMENT ACT 1936-1968.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Income Tax Assessment Act 1936-1968.

Dated this fifteenth day of May, 1969.

Paul Hasluck

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Amendment of the Income Tax Regulations 

Regulation 54zf of the Income Tax Regulations is amended—

(a) by omitting the definition of “prescribed country”; and

(b) by adding at the end thereof the following sub-regulations:—

“(2.) Subject to the next succeeding sub-regulation, 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 1953-1968, being a convention or agreement—

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

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

is a prescribed country for the purposes of this Division.

“(3.) Where the Income Tax (International Agreements) Act 1953-1968 provides that the provisions of a convention or agreement a copy of which is set out in a Schedule to that Act have the force of law in respect of dividends derived on or after a particular day, the country, the Government of which is a party to that convention or agreement, is not a prescribed country for the purposes of this Division before that day.”.

 

* Notified in the Commonwealth Gazette on 1969.

  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 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; 1961, Nos. 74, 12l and 134; 1965, Nos. 133 and 187; 1966, No. 156; 1967, Nos. 112 and 126; and 1968, No. 1.

 

Printed for the Government of the Commonwealth by W. G Murray at the Government Printing Office, Canberra

15723/69—Price 5c 10/9.5.1969