War-time (Company) Tax (Statutory Percentage) Regulations (Amendment) (Cth)

STATUTORY RULES.

1942. No. 264.

REGULATIONS UNDER THE WAR-TIME (COMPANY) TAX ASSESSMENT ACT 1940–1941.*

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 War-time (Company) Tax Assessment Act 1940–1941.

Dated this third day of June, 1942.

(SGD.) GOWRIE.

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Amendments of War-time (Company) Tax (Statutory Percentage) Regulations. 

Preamble.

1. The second paragraph of the preamble to the War-time (Company) Tax (Statutory Percentage) Regulations is amended by omitting the words “the class” and inserting in their stead the words “each class”.

2. After regulation 2. of the War-time (Company) Tax (Statutory Percentage) Regulations the following regulation is added:—

“Airline Operating.

3.—(1.) In respect of that class of business which consists of the operation and maintenance of an aeroplane service for the carriage of mails, passengers or goods, which is commonly known as “Airline Operating”, the statutory percentage for the purpose of the War-time (Company) Tax Assessment Act 1940–1941 shall be six per centum.

“(2.) This regulation shall apply to all assessments for the financial year commencing on the first day of July, One thousand nine hundred and forty-one and all subsequent financial years.”.

 

* Notified in the Commonwealth Gazette on , 1942.

 Statutory Rule 1941, No. 237.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.

3778.—Price 3d. 25/26.5.1942.