Training Guarantee (Administration) Regulations (Amendment) (Cth)

Statutory Rules 1992

No. 295 1

__________________

Training Guarantee (Administration) Regulations 2 (Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Training Guarantee (Administration ) Act 1990.

 Dated 17 September 1992.

 BILL HAYDEN

 Governor-General

 By His Excellency’s Command,

KIM BEAZLEY

Minister of State for Employment, Education and Training

____________

1.   Commencement

1.1   These Regulations are taken to have commenced on 1 July 1992.

2.   Amendment

2.1   The Training Guarantee (Administration) Regulations are amended as set out in these Regulations.

3.   New regulation 2d

3.1 After regulation 2c, insert:

Eligible travel expenditure

 “2d. For the purposes of subsection 26 (2a) of the Act:

• (a)

  a prescribed motor vehicle is a motor vehicle owned by the employer or for which the employer otherwise bears all operational and maintenance costs; and

• (b)

  the prescribed rate, for expenditure in any financial year, is the same rate as the rate that:

  • (i)

    under regulation 147 of the Income Tax Regulations for the purposes of section 82kx of the Income Tax Assessment Act 1936 is prescribed in respect of travel by car; and

  • (ii)

    if the regulation applied to travel by prescribed motor vehicle—would be the applicable rate by reference to that financial year (referred to in the regulation as the “year of income”) and the prescribed motor vehicle’s engine capacity and engine type.”.

____________________________________________________________

NOTES

1. Notified in the Commonwealth of Australia Gazette on 24 September 1992.

2. Statutory Rules 1990 No. 323 as amended by 1991 No. 59; 1992 No. 190.