Income Tax Regulations (Amendment)

STATUTORY RULES.

1947. No. 173.

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REGULATIONS UNDER THE INCOME TAX ASSESSMENT ACT 1936-1947.*

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 Income Tax Assessment Act 1936-1947.

Dated this nineteenth day of December, 1947.

W. J. McKELL

Governor-General.

By His Excellency’s Command,

N. E. McKENNA

for and on behalf of the Treasurer.

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Amendments of the Income Tax Regulations.†

Specified metals and minerals for purposes of section 23 (p) of the Act.

1.—(1.) Regulation 4aa of the Income Tax Regulations is amended—

(a) by inserting after the word “Bismuth,” the word “Chromium,”; and

(b) by inserting after the word “Nickel,” the words—

“Osmiridium,

“Platinum,”.

(2.) The amendment made by this regulation shall apply to assessments in respect of income of the year of income which began on the first day of July, 1946, and in respect of income of all subsequent years.

How tax may be paid.

2. Regulation 44 of the Income Tax Regulations is amended—

(a) by inserting in paragraph (a), after the word “cheques”, the words “, group certificates”; and

(b) by inserting in paragraph (b), after the word “sent”, the words “, or group certificates”.

Heading.

3. The Income Tax Regulations are amended by inserting in the heading to Division 2 of Part VI., after the word “Tax”, the words “and Social Services Contribution”.

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* Notified in the Commonwealth Gazette on 22nd December, 1947.

† Statutory Rules 1936, No. 94, as amended by Statutory Rules 1939, Nos. 6 and 42; 1940, Nos. 138 and 289; 1941, Nos. 120 and 327; 1942, Nos. 339 and 553; 1943, Nos. 80, 127 and 151; 1944, Nos. 90 and 124; 1945, Nos. 12, 85, 139 and 192; 1946, No. 135; and 1947, No. 77.

7817.—Price 8d.

Form of declaration as to dependants.

4. Regulation 54c of the Income Tax Regulations is amended—

(a) by inserting in sub-regulation (2.), after the word “specifying”, the words “the rebate value of”; and

(b) by omitting from sub-regulation (3.) all the words after the word “if” and inserting in their stead the words “the total rebate value of dependants as shown in the certificate were the total rebate value set out in a declaration duly furnished to the employer at the time the certificate is exhibited”.

Employer to forward declarations to Deputy Commissioner.

5. Regulation 54d of the Income Tax Regulations is amended by omitting the words “the thirtieth day of June next following the day on which the declaration is furnished to an employer, he” and inserting in their stead the words “the end of the financial year referred to at the head of a declaration furnished to an employer by an employee, the employer”.

Annual statement of deductions.

6. Regulation 54j of the Income Tax Regulations is amended by omitting the words “paragraph (b) of sub-section (5.) of section 221k” and inserting in their stead the words “sub-paragraph (ii) of paragraph (f) of sub-section (5.) of section 221f”.

Issue of group certificates.

7. Regulation 54k of the Income Tax Regulations is amended by omitting sub-regulations (4.) and (5.).

Repeal of regulations 54l and 51m.

8. Regulations 54l and 54m of the Income Tax Regulations are repealed.

Heading.

9. The Income Tax Regulations are amended by omitting from the heading to Sub-division C of Division 2 of Part VI. the words “Tax Stamps” and inserting in their stead the words “Employers other than Group Employers”.

Repeal of regulations 54p to 54w.

10. Regulations 54p, 54q, 54r, 54s, 54t, 54u, 54v and 54w of the Income Tax Regulations are repealed.

Manner of delivery of tax stamps sheet.

11. Regulation 54x of the Income Tax Regulations is amended by omitting from sub-regulation (1.) all the words before paragraph (a) and inserting in their stead the words “An employer who is required to deliver a tax stamps sheet to an employee may deliver it”.

12. Regulation 54y of the Income Tax Regulations is repealed and the following regulation inserted in its stead:—

Tax check sheets to be forwarded to Deputy Commissioner with summary.

 “54y. An employer who is required to forward tax check sheets to the Commissioner shall forward such of those sheets as relate to employees to whom salaries or wages were paid in each State or Territory to the Deputy Commissioner for that State or Territory, together with a summary, in a form authorized by the Commissioner, signed by the employer, of the salaries or wages referred to in the sheets.”.

Repeal of regulations 54aa to 54af.

13. Regulations 54aa, 54ab, 54ac, 54ad, 54ae and 54af of the Income Tax Regulations are repealed.

Third Schedule

14. The Third Schedule to the Income Tax Regulations is repealed and the following Schedule in its stead:—

“ THE THIRD SCHEDULE. Regs. 54a., 54b.

Rates of Deductions.

The Third Schedule—continued.

The Third Schedule—continued.