War-time Profits Tax Regulations 1917 (Amendment) (Cth)

STATUTORY RULES.

1920. No. 76.

 

WAR-TIME PROFITS TAX REGULATIONS.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the War-time Profits Tax Assessment Act 1917-1918, to come into operation forthwith.

Dated, this Twelfth day of May, 1920.

(Sgd) R. M. FERGUSON

Governor-General.

By His Excellency’s Command,

W. H. LAIRD SMITH

Treasurer.

Amendment of the War-time Profits Tax Regulations.

(Statutory Rules 1917, No. 300, as amended to this date.)

Regulation 34 of the War-time Profits Tax Regulations is amended by adding the following paragraph at the end thereof:—

“or (c) A business has been prevented, by causes beyond the control of its owners, from continuously employing its capital for the whole of an accounting period during which it should be continuously employed.”

    

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