Taxation Administration Amendment Regulations 2010 (No. 1) (Cth)
Taxation Administration Amendment Regulations 2010 (No. 1)1
Select Legislative Instrument 2010 No. 10
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Taxation Administration Act 1953.
Dated 10 February 2010
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
NICK SHERRY
Assistant Treasurer
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Name of Regulations
These Regulations are the Taxation Administration Amendment Regulations 2010 (No. 1).
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Commencement
These Regulations commence on the day after they are registered.
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Amendment of Taxation Administration Regulations 1976
Schedule 1 amends the Taxation Administration Regulations 1976.
Schedule 1 Amendments
(regulation 3)
[1] Paragraph 37 (2) (a)
omit
45% of the amount of the payment; and
insert
the product of the highest rate specified in the table in Part II of Schedule 7 to the Income Tax Rates Act 1986 and the amount of the payment; and
[2] Paragraph 37 (2) (b)
omit
46.5% of the amount of the payment.
insert
the product of the top rate and the amount of the payment.
[3] After subregulation 37 (2)
insert
(3)In this regulation:
top rate means the sum of:
(a)the highest rate specified in the table in Part I of Schedule 7 to the Income Tax Rates Act 1986; and
(b)the rate of levy specified in subsection 6 (1) of the Medicare Levy Act 1986.
[4] Subregulation 38 (2)
omit
46.5% of the amount of the payment.
insert
the product of the top rate and the amount of the payment.
[5] After subregulation 38 (2)
insert
(3)In this regulation:
top rate means the sum of:
(a)the highest rate specified in the table in Part I of Schedule 7 to the Income Tax Rates Act 1986; and
(b)the rate of levy specified in subsection 6 (1) of the Medicare Levy Act 1986.
Note
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All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See
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