Income Tax Regulations (Amendment) (Cth)

STATUTORY RULES.

1944. No. 124.

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REGULATIONS UNDER THE INCOME TAX ASSESSMENT ACT 1936-1944.*

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 1936-1944.

Dated this twenty-second day of August , 1944.

(SGD.) GOWRIE.

Governor-General.

By His Excellency’s Command,

Treasurer.

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Amendments of the Income Tax Regulations.  

Returns by companies.

1. Regulation 11 of the Income Tax Regulations is amended by inserting in sub-regulation (1.), after paragraph (b), the following paragraph:—

“(ba)a statement of particulars of advances or loans made by a private company to its shareholders, or of payments made on behalf of, or for the individual benefit of, any of its shareholders and of the, dates of such advances, loans or payments;”.

Rates of deductions where employee has dependants.

2. Regulation 54b of the Income Tax Regulations is amended by re-lettering paragraphs (a), (b), (c), (d)and (e) of sub-regulation (1.) (being the paragraphs contained in that sub-regulation as inserted by Statutory Rules 1943, No. 80) as paragraphs (c), (d), (e), (f) and (g) respectively.

The First Schedule, Form 7.

3. The First Schedule to the Income Tax Regulations is amended by omitting from Form 7 all the words from and including the word “Date” to the end of the Form and inserting in their stead the following words:—

“Date   Signature of Agent

Agent’s Registered Number

  Where the agent is a partnership or a company, this certificate must be signed in the name of the partnership or company, as the case requires, by a person who is registered as a nominee of that partnership or company and that person’s name must also be appended.”.

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* Notified in the Commonwealth Gazette on , 1944.

  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; and 1941. No. 90.

5063—Price 3d. 10/11.8.1944.