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

STATUTORY RULES.

1941. No. 237.

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

WHEREAS it is provided by sub-section (1.) of section 21 of the War-time (Company) Tax Assessment Act 1940 that if a Board of Referees is satisfied that, owing to some unavoidable condition associated with any class of business, it is just that a greater statutory percentage than that specified in section 20 of that Act should be prescribed, Regulations made under the Act may, in respect of that class of business, prescribe such greater statutory percentage as the Board, after inquiry, recommends:

And whereas a Board of Referees, being satisfied that owing to some unavoidable condition associated with the class of business prescribed hereunder, a greater statutory percentage than that specified in section 20 of the Act should be prescribed, has, after inquiry, recommended the greater percentage hereunder prescribed in respect of that class of business:

Now therefore 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.

Dated this Twenty-Fourth

day of September , 1941.

Governor-General.

By His Excellency’s Command,

Treasurer.

 

“War-time (Company) Tax (Statutory Percentage) Regulations.

Citation.

1. These Regulations may be cited as the War-time (Company) Tax (Statutory Percentage) Regulations.

Open-cut Scheelite Mining.

2.—(1.) In respect of the class of business known as Open-cut Scheelite Mining, the statutory percentage for the purposes of the War-time (Company) Tax Assessment Act 1940 shall be ten 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 and all subsequent financial years.

 

* Notified in the Commonwealth Gazette on , 1941.

 

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

5675.—22/5.9.1941.—Price 3d.