Income Tax Regulations (Amendment)

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STATUTORY RULES

1967 No.

________

REGULATIONS UNDER THE INCOME TAX ASSESSMENT ACT 1936-1967.*

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 1936-1967.

Dated this twenty-first day of September, 1967.

CASEY

Governor-General.

By His Excellency's Command,

Leslie Bury
Minister of the State for Labour and
National Service Acting for and on the behalf
of the Treasurer

Amendments of the Income Tax Regulations†

Commencement.

1. These Regulations shall come into operation on the first day of October, 1967.

Special areas for purposes of Section 23ac.

2. Regulation 4ad of the Income Tax Regulations is amended by omitting sub-regulation (1.).

Wine and spirit stocks.

3. Regulation 4b of the Income Tax Regulations is amended by omitting the table in sub-regulation (2.) and inserting in its stead the following table:—

Column 1 Class of Trading Stock	Column 2 Prescribed Unit	Column 3 Minimum Value
Unfortified wines..................................	Liquid gallon	15 cents
Fortified wines....................................	Liquid gallon	25 cents
Brandy.........................................	Proof gallon	60 cents
Grape spirit......................................	Proof gallon	60 cents

Live stock.

4. Regulation 5 of the Income Tax Regulations is amended by omitting the table in sub-regulation (3.) and inserting in its stead the following table:—

Sheep...............	$0.40
Cattle...............	$2.00
Horses...............	$2.00
Pigs................	$0.50

* Notified in the Commonwealth Gazette on 1967.

† Statutory Rules 1936, No. 94, as amended to date. For previous amendments of the Income Tax Regulations, see footnote † to Statutory Rules 1967, No. 112, and see also Statutory Rules 1967, No. 112.

12557/67—Price 20c 10/18.9.1967

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 Regulation 54a of the Income Tax Regulations is repealed and the following regulation inserted in its stead:—

Rates of deduction in absence of claim in respect of dependants.

" 54a. Subject to these Regulations, the prescribed rate at which deductions are to be made for the purposes of section 221c of the Act from the salary or wages of an employee in respect of a week or part of a week is—

(a) where the salary or wages do not exceed One hundred dollars—the rate specified in sub-column (i) of Column 2 of Table A in the Third Schedule to these Regulations opposite to the limits specified in Column 1 of that Table within which the salary or wages are included;

(b) where the salary or wages exceed One hundred dollars but do not exceed Four hundred dollars—the rate specified in Column 2 of Table B in the Third Schedule to these Regulations opposite to the limits specified in Column 1 of that Table within which the salary or wages are included; or

(c) where the salary or wages exceed Four hundred dollars—One hundred and eighty-seven dollars eighty cents plus an amount of Sixty cents for each dollar or part of a dollar by which the salary or wages exceed Four hundred dollars.".

Form of declaration as to dependants.

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

(a) by omitting from paragraph (a) of sub-regulation (6.) the words " One pound five shillings " and inserting in their stead the words " Two dollars fifty cents "; and

(b) by omitting sub-regulation (6b.) and inserting in its stead the following sub-regulation:—

" (6b.) The number of weeks for which a person is a dependant of an employee under the last preceding sub-regulation is—

(a) in the case of a spouse, daughter-housekeeper or parent— the number ascertained by dividing the number of dollars in the amount of the deduction, so reduced, to which the employee would be entitled by six;

(b) in the case of one child less than sixteen years of age, a student child or an invalid relative—the number ascertained by dividing the number of dollars in the amount of the deduction, so reduced, to which the employee would be entitled by four; or

(c) in the case of any other child—the number ascertained by dividing the number of dollars in the amount of the deduction, so reduced, to which the employee would be entitled by three.".

Third Schedule.

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

THIRD SCHEDULE Regulations 54a and 54b.

Table A.—Rates of Deductions where Employee's Salary or Wages do not exceed One Hundred Dollars in respect of a Week or Part of a Week

Column 1		Column 2
Salary or wages in respect of week or part of week—		Amount of deduction, where the deduction value of dependants is—
Exceeding—	But not exceeding—	Nil	$203	$312	$364	$520	$676	$728	$832	$938	$1,144	$1,300
Exceeding—	But not exceeding—	(i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)	(xi)
$	$	$	$	$	$	$	$	$	$	$	$	$
8.00	8.50	0.15	..	..	..	..	..	..	..	..	..	..
8.50	9.00	0.15	..	..	..	..	..	..	..	..	..	..
9.00	9.50	0.20	..	..	..	..	..	..	..	..	..	..
9.50	10.00	0.20	..	..	..	..	..	..	..	..	..	..
10.00	10.50	0.25	..	..	..	..	..	..	..	..	..	..
10.50	11.00	0.25	..	..	..	..	..	..	..	..	..	..
11.00	11.50	0.30	..	..	..	..	..	..	..	..	..	..
11.50	12.00	0.35	..	..	..	..	..	..	..	..	..	..
12.00	12.50	0.35	0.15		..	..	..	..	..	..	..	..
12.50	13.00	0.40	0.15		..	..	..	..	..	..	..	..
13.00	13.50	0.45	0.20		..	..	..	..	..	..	..	..
13.50	14.00	0.50	0.20	..	..	..	..	..	..	..	..	..
14.00	14.50	0.55	0.25	0.15	..	..	..	..	..	..	..	..
14.50	15.00	0.55	0.25	0.15	..	..	..	..	..	..	..	..
15.00	15.50	0.60	0.30	0.20	0.15	..	..	..	..	..	..	..
15.50	16.00	0.65	0.35	0.20	0.15	..	..	..	..	..	..	..
16.00	16.50	0.70	0.35	0.25	0.20	..	..	..	..	..	..	..
16.50	17.00	0.75	0.40	0.25	0.20	..	..	..	..	..	..	..
17.00	17.50	0.80	0.45	0.30	0.25	..	..	..	..	..	..	..
17.50	18.00	0.85	0.50	0.35	0.25	..	..	..	..	..	..	..
18.00	18.50	0.95	0.55	0.35	0.30	0.15	..	..	..	..	..	..
18.50	19.00	1.00	0.55	0.40	0.35	0.15	..	..	..	..	..	..
19.00	19.50	1.05	0.60	0.45	0.35	0.20	..	..	..	..	..	..
19.50	20.00	1.10	0.65	0.50	0.40	0.20	..	..	..	..	..	..
20.00	20.50	1.15	0.70	0.55	0.45	0.25	..	..	..	..	..	..
20.50	21.00	1.20	0.75	0.55	0.50	0.25	..	..	..	..	..	..
21.00	21.50	1.30	0.80	0.60	0.55	0.30	0.15	..	..	..	..	..
21.50	22.00	1.35	0.85	0.65	0.55	0.35	0.15	..	..	..	..	..

Third Schedule—continued

Column 1		Column 2
Salary or wages in respect of week or part of week—		Amount of deduction, where the deduction value of dependants is—
Exceeding—	But not exceeding—	Nil (i)	$208	$312	$364	$520	$676	$728	$832	$988	$1,144	$1,300
Exceeding—	But not exceeding—	Nil (i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)	(xi)
$	$	$	$	$	$	$	$	$	$	$	$	$
22.00	22.50	1.40	0.95	0.70	0.60	0.35	0.20	0.15	..	..	..	..
22.50	23.00	1.50	1.00	0.75	0.65	0.40	0.20	0.15	..	..	..	..
23.00	23.50	1.55	1.05	0.80	0.70	0.45	0.25	0.20	..	..	..	..
23.50	24.00	1.60	1.10	0.85	0.75	0.50	0.25	0.20	..	..	..	..
24.00	24.50	1.70	1.15	0.95	0.80	0.55	0.30	0.25	0.15	..	..	..
24.50	25.00	1.75	1.20	1.00	0.85	0.55	0.35	0.25	0.15	..	..	..
25.00	25.50	1.85	1.30	1.05	0.95	0.60	0.35	0.30	0.20	..	..	..
25.50	26.00	1.90	1.35	1.10	1.00	0.65	0.40	0.35	0.20	..	..	..
26.00	26.50	2.00	1.40	1.15	1.05	0.70	0.45	0.35	0.25	..	..	..
26.50	27.00	2.05	1.50	1.20	1.10	0.75	0.50	0.40	0.25	..	..	..
27.00	27.50	2.15	1.55	1.30	1.15	0.80	0.55	0.45	0.30	0.15	..	..
27.50	28.00	2.25	1.60	1.35	1.20	0.85	0.55	0.50	0.35	0.15	..	..
28.00	28.50	2.30	1.70	1.40	1.30	0.95	0.60	0.55	0.35	0.20	..	..
28.50	29.00	2.40	1.75	1.50	1.35	1.00	0.65	0.55	0.40	0.20	..	..
29.00	29.50	2.50	1.85	1.55	1.40	1.05	0.70	0.60	0.45	0.25	..	..
29.50	30.00	2.55	1.90	1.60	1.50	1.10	0.75	0.65	0.50	0.25	..	..
30.00	30.50	2.65	2.00	1.70	1.55	1.15	0.80	0.70	0.55	0.30	0.15	..
30.50	31.00	2.75	2.05	1.75	1.60	1.20	0.85	0.75	0.55	0.35	0.15	..
31.00	31.50	2.85	2.15	1.85	1.70	1.30	0.95	0.80	0.60	0.35	0.20	..
31.50	32.00	2.90	2.25	1.90	1.75	1.35	1.00	0.85	0.65	0.40	0.20	..
32.00	32.50	3.00	2.30	2.00	1.85	1.40	1.05	0.95	0.70	0.45	0.25	..
32.50	33.00	3.10	2.40	2.05	1.90	1.50	1.10	1.00	0.75	0.50	0.25	..
33.00	33.50	3.20	2.50	2.15	2.00	1.55	1.15	1.05	0.80	0.55	0.30	0.15
33.50	34.00	3.30	2.55	2.25	2.05	1.60	1.20	1.10	0.85	0.55	0.35	0.15
34.00	34.50	3.40	2.65	2.30	2.15	1.70	1.30	1.15	0.95	0.60	0.35	0.20
34.50	35.00	3.50	2.75	2.40	2.25	1.75	1.35	1.20	1.00	0.65	0.40	0.20
35.00	35.50	3.60	2.85	2.50	2.30	1.85	1.40	1.30	1.05	0.70	0.45	0.25
35.50	36.00	3.70	2.90	2.55	2.40	1.90	1.50	1.35	1.10	0.75	0.50	0.25

36.00	36.50	3.80	3.00	2.65	2.50	2.00	1.55	1.40	1.15	0.80	0.55	0.30
36.50	37.00	3.90	3.10	2.75	2.55	2.05	1.60	1.50	1.20	0.85	0.55	0.35
37.00	37.50	4.00	3.20	2.85	2.65	2.15	1.70	1.55	1.30	0.95	0.60	0.35
37.50	38.00	4.10	3.30	2.90	2.75	2.25	1.75	1.60	1.35	1.00	0.65	0.40
38.00	38.50	4.20	3.40	3.00	2.85	2.30	1.85	1.70	1.40	1.05	0.70	0.45
38.50	39.00	4.30	3.50	3.10	2.90	2.40	1.90	1.75	1.50	1.10	0.75	0.50
39.00	39.50	4.40	3.60	3.20	3.00	2.50	2.00	1.85	1.55	1.15	0.80	0.55
39.50	40.00	4.50	3.70	3.30	3.10	2.55	2.05	1.90	1.60	1.20	0.85	0.55
40.00	40.50	4.60	3.80	3.40	320	2.65	2.15	2.00	1.70	1.30	0.95	0.60
40.50	41.00	4.70	3.90	3.50	3.30	2.75	2.25	2.05	1.75	1.35	1.00	0.65
41.00	41.50	4.85	4.00	3.60	3.40	2.85	2.30	2.15	1.85	1.40	1.05	0.70
41.50	42.00	4.95	4.10	3.70	3.50	2.90	2.40	2.25	1.90	1.50	1.10	0.75
42.00	42.50	5.05	4.20	3.80	3.60	3.00	2.50	2.30	2.00	1.55	1.15	0.80
42.50	43.00	5.15	4.30	3.90	3.70	3.10	2.55	2.40	2.05	1.60	1.20	0.85
43.00	43.50	5.30	4.40	4.00	3.80	3.20	2.65	2.50	2.15	1.70	1.30	0.95
43.50	44.00	5.40	4.50	4.10	3.90	3.30	2.75	2.55	2.25	1.75	1.35	1.00
44.00	44.50	5.50	4.60	4.20	4.00	3.40	2.85	2.65	2.30	1.85	1.40	1.05
44.50	45.00	5.60	4.70	4.30	4.10	3.50	2.90	2.75	2.40	1.90	1.50	1.10
45.00	45.50	5.75	4.85	4.40	4.20	3.60	3.00	2.85	2.50	2.00	1.55	1.15
45.50	46.00	5.85	4.95	4.50	4.30	3.70	3.10	2.90	2.55	2.05	1.60	1.20
46.00	45.50	5.95	5.05	4.60	4.40	3.80	3.20	3.00	2.65	2.15	1.70	1.30
46.50	47.00	6.10	5.15	4.70	4.50	3.90	3.30	3.10	2.75	2.25	1.75	1.35
47.00	47.50	6.20	5.30	4.85	4.60	4.00	3.40	3.20	2.85	2.30	1.85	1.40
47.50	48.00	6.35	5.40	4.95	4.70	4.10	3.50	3.30	2.90	2.40	1.90	1.50
48.00	48.50	6.45	5.50	5.05	4.85	4.20	3.60	3.40	3.00	2.50	2.00	1.55
48.50	49.00	6.55	5.60	5.15	4.95	4.30	3.70	3.50	3.10	2.55	2.05	1.60
49.00	49.50	6.70	5.75	5.30	5.05	4.40	3.80	3.60	3.20	2.65	2.15	1.70
49.50	50.00	6.80	5.85	5.40	5.15	4.50	3.90	3.70	3.30	2.75	2.25	1.75
50.00	50.50	6.95	5.95	5.50	5.30	4.60	4.00	3.80	3.40	2.85	2.30	1.85
50.50	51.00	7.05	6.10	5.60	5.40	4.70	4.10	3.90	3.50	2.90	2.40	1.90
51.00	51.50	7.20	6.20	5.75	5.50	4.85	4.20	4.00	3.60	3.00	2.50	2.00
51.50	52.00	7.30	6.35	5.85	5.60	4.95	4.30	4.10	3.70	3.10	2.55	2.05
52.00	52.50	7.45	6.45	5.95	5.75	5.05	4.40	4.20	3.80	3.20	2.65	2.15
52.50	53.00	7.55	6.55	6.10	5.85	5.15	4.50	4.30	3.90	3.30	2.75	2.25
53.00	53.50	7.70	6.70	6.20	5.95	5.30	4.60	4.40	4.00	3.40	2.85	2.30
53.50	54.00	7.80	6.80	6.35	6.10	5.40	4.70	4.50	4.10	3.50	2.90	2.40

Third Schedule—continued

Column 1 Salary or wages in respect of week or part of week—		Column 2
		Amount of deduction, where the deduction value of dependants is—
Exceeding—	But not exceeding—	Nil	$208	$312	$364	$520	$676	$728	$832	$988	$1,144	$1,300
Exceeding—	But not exceeding—	(i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)	(xi)
$	$	$	$	$	$	$	$	$	$	$	$	$
54.00	54.50	7.95	6.95	6.45	6.20	5.50	4.85	4.60	4.20	3.60	3.00	2.50
54.50	55.00	8.10	7.05	6.55	6.35	5.60	4.95	4.70	4.30	3.70	3.10	2.55
55.00	55.50	8.20	7.20	6.70	6.45	5.75	5.05	4.85	4.40	3.80	3.20	2.65
55.50	56.00	8.35	7.30	6.80	6.55	5.85	5.15	4.95	4.50	3.90	3.30	2.75
56.00	56.50	8.45	7.45	6.95	6.70	5.95	5.30	5.05	4.60	4.00	3.40	2.85
56.50	57.00	8.60	7.55	7.05	6.80	6.10	5.40	5.15	4.70	4.10	3.50	2.90
57.00	57.50	8.75	7.70	7.20	6.95	6.20	5.50	5.30	4.85	4.20	3.60	3.00
57.50	58.00	8.85	7.80	7.30	7.05	6.35	5.60	5.40	4.95	4.30	3.70	3.10
58.00	58.50	9.00	7.95	7.45	7.20	6.45	5.75	5.50	5.05	4.40	3.80	3.20
58.50	59.00	9.15	8.10	7.55	7.30	6.55	5.85	5.60	5.15	4.50	3.90	3.30
59.00	59.50	9.25	8.20	7.70	7.45	6.70	5.95	5.75	5.30	4.60	4.00	3.40
59.50	60.00	9.40	8.35	7.80	7.55	6.80	6.10	5.85	5.40	4.70	4.10	3.50
60.00	60.50	9.55	8.45	7.95	7.70	6.95	6.20	5.95	5.50	4.85	4.20	3.60
60.50	61.00	9.70	8.60	8.10	7.80	7.05	6.35	6.10	5.60	4.95	4.30	3.70
61.00	61.50	9.80	8.75	8.20	7.95	7.20	6.45	6.20	5-75	5.05	4.40	3.80
61.50	62.00	9.90	8.85	8.35	8.10	7.30	6.55	6.35	5.85	5.15	4.50	3.90
62.00	62.50	10.00	9.00	8.45	8.20	7.45	6.70	6.45	5.95	5.30	4.60	4.00
62.50	63.00	10.10	9.15	8.60	8.35	7.55	6.80	6.55	6.10	5.40	4.70	4.10
63.00	63.50	10.20	9.25	8.75	8.45	7.70	6.95	6.70	6.20	5.50	4.85	4.20
63.50	64.00	10.30	9.40	8.85	8.60	7.80	7.05	6.80	6.35	5.60	4.95	4.30
64.00	64.50	10.40	9.55	9.00	8.75	7.95	7.20	6.95	6.45	5.75	5.05	4.40
64.50	65.00	10.50	9.70	9.15	8.85	8.10	7.30	7.05	6.55	5.85	5.15	4.50
65.00	65.50	10.60	9.80	9.25	9.00	8.20	7.45	7.20	6.70	5.95	5.30	4.60
65.50	66.00	10.80	9.90	9.40	9.15	8.35	7.55	7.30	6.80	6.10	5.40	4.70
66.00	66.50	10.90	10.00	9.55	9.25	8.45	7.70	7.45	6.95	6.20	5.50	4.85
66.50	67.00	11.00	10.10	9.70	9.40	8.60	7.80	7.55	7.05	6.35	5.60	4.95
67.00	67.50	11.10	10.20	9.80	9.55	8.75	7.95	7.70	7.20	6.45	5.75	5.05
67.50	68.00	11.20	10.30	9.90	9.70	8.85	8.10	7.80	7.30	6.55	5.85	5.15

68.00	68.50	11.30	10.40	10.00	9.80	9.00	8.20	7.95	7.45	6.70	5.95	5.30
68.50	69.00	11.50	10.50	10.10	9.90	9.15	8.35	8.10	7.55	6.80	6.10	5.40
69.00	69.50	11.60	10.60	10.20	10.00	9.25	8.45	8.20	7.70	6.95	6.20	5.50
69.50	70.00	11.70	10.80	10.30	10.10	9.40	8.60	8.35	7.80	7.05	6.35	5.60
70.00	70.50	11.80	10.90	10.40	10.20	9.55	8.75	8.45	7.95	7.20	6.45	5.75
70.50	71.00	12.00	11.00	10.50	10.30	9.70	8.85	8.60	8.10	7.30	6.55	5.85
71.00	71.50	12.10	11.10	10.60	10.40	9.80	9.00	8.75	8.20	7.45	6.70	5.95
71.50	72.00	12.20	11.20	10.80	10.50	9.90	9.15	8.85	8.35	7.55	6.80	6.10
72.00	72.50	12.30	11.30	10.90	10.60	10.00	9.25	9.00	8.45	7.70	6.95	6.20
72.50	73.00	12.50	11.50	11.00	10.80	10.10	9.40	9.15	8.60	7.80	7.05	6.35
73.00	73.50	12.60	11.60	11.10	10.90	10.20	9.55	9.25	8.75	7.95	7.20	6.45
73.50	74.00	12.80	11.70	11.20	11.00	10.30	9.70	9.40	8.85	8.10	7.30	6.55
74.00	74.50	12.90	11.80	11.30	11.10	10.40	9.80	9.55	9.00	8.20	7.45	6.70
74.50	75.00	13.00	12.00	11.50	11.20	10.50	9.90	9.70	9.15	8.35	7.55	6.80
75.00	75.50	13.20	12.10	11.60	11.30	10.60	10.00	9.80	9.25	8.45	7.70	6.95
75.50	76.00	13.30	12.20	11.70	11.50	10.80	10.10	9.90	9.40	8.60	7.80	7.05
76.00	76.50	13.40	12.30	11.80	11.60	10.90	10.20	10.00	9.55	8.75	7.95	7.20
76.50	77.00	13.60	12.50	12.00	11.70	11.00	10.30	10.10	9.70	8.85	8.10	7.30
77.00	77.50	13.70	12.60	12.10	11.80	11.10	10.40	10.20	9.80	9.00	8.20	7.45
77.50	78.00	13.90	12.80	12.20	12.00	11.20	10.50	10.30	9.90	9.15	8.35	7.55
78.00	78.50	14.00	12.90	12.30	12.10	11.30	10.60	10.40	10.00	9.25	8.45	7.70
78.50	79.00	14.20	13.00	12.50	12.20	11.50	10.80	10.50	10.10	9.40	8.60	7.80
79.00	79.50	14.30	13.20	12.60	12.30	11.60	10.90	10.60	10.20	9.55	8.75	7.95
79.50	80.00	14.50	13.30	12.80	12.50	11.70	11.00	10.80	10.30	9.70	8.85	8.10
80.00	80.50	14.60	13.40	12.90	12.60	11.80	11.10	10.90	10.40	9.80	9.00	8.20
80.50	81.00	14.80	13.60	13.00	12.80	12.00	11.20	11.00	10.50	9.90	9.15	8.35
81.00	81.50	14.90	13.70	13.20	12.90	12.10	11.30	11.10	10.60	10.00	9.25	8.45
81.50	82.00	15.10	13.90	13.30	13.00	12.20	11.50	11.20	10.80	10.10	9.40	8.60
82.00	82.50	15.30	14.00	13.40	13.20	12.30	11.60	11.30	10.90	10.20	9.55	8.75
82.50	83.00	15.40	14.20	13.60	13.30	12.50	11.70	11.50	11.00	10.30	9.70	8.85
83.00	83.50	15.60	14.30	13.70	13.40	12.60	11.80	11.60	11.10	10.40	9.80	9.00
83.50	84.00	15.80	14.50	13.90	13.60	12.80	12.00	11.70	11.20	10.50	9.90	9.15

Third Schedule—continued

Column 1 Salary or wages in respect of week or part of week—		Column 2
		Amount of deduction, where the deduction value of dependants is—
Exceeding—	But not exceeding—	Nil	$208	$312	$364	$520	$676	$728	$832	$988	$1,144	$1,300
Exceeding—	But not exceeding—	(i)	(ii)	(iii)	(iv)	(v)	(vi)	(vii)	(viii)	(ix)	(x)	(xi)
$	$	$	$	$	$	$	$	$	$	$	$	$
84.00	84.50	15.90	14.60	14.00	13.70	12.90	12.10	11.80	11.30	10.60	10.00	9.25
84.50	85.00	16.10	14.80	14.20	13.90	13.00	12.20	12.00	11.50	10.80	10.10	9.40
85.00	85.50	16.20	14.90	14.30	14.00	13.20	12.30	12.10	11.60	10.90	10.20	9.55
85.50	86.00	16.40	15.10	14.50	14.20	13.30	12.50	12.20	11.70	11.00	10.30	9.70
86.00	86.50	16.60	15.30	14.60	14.30	13.40	12.60	12.30	11.80	11.10	10.40	9.80
86.50	87.00	16.80	15.40	14.80	14.50	13.60	12.80	12.50	12.00	11.20	10.50	9.90
87.00	87.50	16.90	15.60	14.90	14.60	13.70	12.90	12.60	12.10	11.30	10.60	10.00
87.50	88.00	17.10	15.80	15.10	14.80	13.90	13.00	12.80	12.20	11.50	10.80	10.10
88.00	88.50	17.30	15.90	15.30	14.90	14.00	13.20	12.90	12.30	11.60	10.90	10.20
88.50	89.00	17.50	16.10	15.40	15.10	14.20	13.30	13.00	12.50	11.70	11.00	10.30
89.00	89.50	17.60	16.20	15.60	15.30	14.30	13.40	13.20	12.60	11.80	11.10	10.40
89.50	90.00	17.80	16.40	15.80	15.40	14.50	13.60	13.30	12.80	12.00	11.20	10.50
90.00	90.50	18.00	16.60	15.90	15.60	14.60	13.70	13.40	12.90	12.10	11.30	10.60
90.50	91.00	18.20	16.80	16.10	15.80	14.80	13.90	13.60	13.00	12.20	11.50	10.80
91.00	91.50	18.30	16.90	16.20	15.90	14.90	14.00	13.70	13.20	12.30	11.60	10.90
91.50	92.00	18.50	17.10	16.40	16.10	15.10	14.20	13.90	13.30	12.50	11.70	11.00
92.00	92.50	18.70	17.30	16.60	16.20	15.30	14.30	14.00	13.40	12.60	11.80	11.10
92.50	93.00	18.90	17.50	16.80	16.40	15.40	14.50	14.20	13.60	12.80	12.00	11.20
93.00	93.50	19.10	17.60	16.90	16.60	15.60	14.60	14.30	13.70	12.90	12.10	11.30
93.50	94.00	19.30	17.80	17.10	16.80	15.80	14.80	14.50	13.90	13.00	12.20	11.50
94.00	94.50	19.50	18.00	17.30	16.90	15.90	14.90	14.60	14.00	13.20	12.30	11.60
94.50	95.00	19.60	18.20	17.50	17.10	16.10	15.10	14.80	14.20	13.30	12.50	11.70
95.00	95.50	19.80	18.30	17.60	17.30	16.20	15.30	14.90	14.30	13.40	12.60	11.80
95.50	96.00	20.00	18.50	17.80	17.50	16.40	15.40	15.10	14.50	13.60	12.80	12.00

96.00	96.50	20.20	18.70	18.00	17.60	16.60	15.60	15.30	14.60	13.70	12.90	12.10
96.50	97.00	20.40	18.90	18.20	17.80	16.80	15.80	15.40	14.80	13.90	13.00	12.20
97.00	97.50	20.60	19.10	18.30	18.00	16.90	15.90	15.60	14.90	14.00	13.20	12.30
97.50	98.00	20.80	19.30	18.50	18.20	17.10	16.10	15.80	15.10	14.20	13.30	12.50
98.00	98.50	21.00	19.50	18.70	18.30	17.30	16.20	15.90	15.30	14.30	13.40	12.60
98.50	99.00	21.20	19.60	18.90	18.50	17.50	16.40	16.10	15.40	14.50	13.60	12.80
99.00	99.50	21.40	19.80	19.10	18.70	17.60	16.60	16.20	15.60	14.60	13.70	12.90
99.50	100.00	21.60	20.00	19.30	18.90	17.80	16.80	16.40	15.80	14.80	13.90	13.00

Third Schedule—continued

Table B.—Rates of Deductions where Employee's Salary or Wages exceed One Hundred Dollars, but do not exceed Four Hundred Dollars, in respect of a Week or Part of a Week

Column I		Column 2	Column 1		Column 2	Column 1		Column 2	Column 1		Column 2	Column 1		Column 2
Salary or wages in respect of week or part of week—		Amount of deduction	Salary or wages in respect of week or part of week—		Amount of deduction	Salary or wages in respect of week or part of week—		Amount of deduction	Salary or wages in respect of week or part of week—		Amount of deduction	Salary or wages in respect of week or part of week—		Amount of deduction
Exceeding—	But net exceeding—	Amount of deduction	Exceeding—	But not exceeding—	Amount of deduction	Exceeding—	But not exceeding—	Amount of deduction	Exceeding—	But not exceeding—	Amount of deduction	Exceeding—	But not exceeding—	Amount of deduction
$	$	$	$	$	$	$	$	$	$	$	$	$	$	$
100.00	101.00	21.90	160.00	161.00	48.10	220.00	221.00	80.10	280.00	281.00	115.00	340.00	341.00	151.50
101.00	102.00	22.30	161.00	162.00	48.60	221.00	222.00	80.70	281.00	282.00	115.60	341.00	342.00	152.10
102.00	103.00	22.70	162.00	163.00	49.10	222.00	223.00	81.30	282.00	283.00	116.20	342.00	343.00	152.70
103.00	104.00	23.10	163.00	164.00	49.60	223.00	224.00	81.90	283.00	284.00	116.80	343.00	344.00	153.30
104.00	105.00	23.50	164.00	165.00	50.10	224.00	225.00	82.40	284.00	285.00	117.40	344.00	345.00	153.90
105.00	106.00	23.90	165.00	166.00	50.60	225.00	226.00	83.00	285.00	286.00	118.00	345.00	346.00	154.60
106.00	107.00	24.30	166.00	167.00	51.10	226.00	227.00	83.50	286.00	287.00	118.60	346.00	347.00	155.20
107.00	108.00	24.70	167.00	168.00	51.60	227.00	228.00	84.20	287.00	288.00	119.20	347.00	348.00	155.80
108.00	109.00	25.10	168.00	169.00	52.10	228.00	229.00	84.70	288.00	289.00	119.70	348.00	349.00	156.40
109.00	110.00	25.50	169.00	170.00	52.60	229.00	230.00	85.30	289.00	290.00	120.30	349.00	350.00	157.00
110.00	111.00	25.90	170.00	171.00	53.10	230.00	231.00	85.80	290.00	291.00	120.90	350.00	351.00	157.60
111.00	112.00	26.30	171.00	172.00	53.60	231.00	232.00	86.40	291.00	292.00	121.50	351.00	352.00	158.30
112.00	113.00	26.70	172.00	173.00	54.10	232.00	233.00	86.90	292.00	293.00	122.10	352.00	353.00	158.90
113.00	114.00	27.10	173.00	174.00	54.60	233.00	234.00	87.50	293.00	294.00	122.70	353.00	354.00	159.50
114.00	115.00	27.50	174.00	175.00	55.10	234.00	235.00	88.10	294.00	295.00	123.30	354.00	355.00	160.10
115.00	116.00	28.00	175.00	176.00	55.70	235.00	236.00	88.70	295.00	296.00	123.90	355.00	356.00	160.70
116.00	117.00	28.40	176.00	177.00	56.20	236.00	237.00	89.20	296.00	297.00	124.50	356.00	357.00	161.30
117.00	118.00	28.80	177.00	178.00	56.70	237.00	238.00	89.80	297.00	298.00	125.10	357.00	358.00	162.00
118.00	119.00	29.20	178.00	179.00	57.20	238.00	239.00	90.30	298.00	299.00	125.70	358.00	359.00	162.60
119.00	120.00	29.60	179.00	180.00	57.70	239.00	240.00	90.90	299.00	300.00	126.30	359.00	360.00	163.20
120.00	121.00	29.90	180.00	181.00	58.20	240.00	241.00	91.50	300.00	301.00	126.90	360.00	361.00	163.80
121.00	122.00	30.30	181.00	182.00	58.70	241.00	242.00	92.10	301.00	302.00	127.50	361.00	362.00	164.40
122.00	123.00	30.70	182.00	183.00	59.20	242.00	243.00	92.70	302.00	303.00	128.10	362.00	363.00	165.00
123.00	124.00	31.20	183.00	184.00	59.80	243.00	244.00	93.30	303.00	304.00	128.70	363.00	364.00	165.60
124.00	125.00	31.60	184.00	185.00	60.30	244.00	245.00	93.90	304.00	305.00	129.30	364.00	365.00	166.20
125.00	126.00	32.00	185.00	186.00	60.80	245.00	246.00	94.50	305.00	306.00	130.00	365.00	366.00	166.90
126.00	127.00	32.40	186.00	187.00	61.40	246.00	247.00	95.00	306.00	307.00	130.60	366.00	367.00	167.50
127.00	128.00	32.90	187.00	188.00	62.00	247.00	248.00	95.60	307.00	308.00	131.30	367.00	368.00	168.10

128.00	129.00	33.30	188.00	189.00	62.50	248.00	249.00	96.20	308.00	309.00	131.80	368.00	369.00	168.70
129.00	130.00	33.80	189.00	190.00	63.00	249.00	250.00	96.80	309.00	310.00	132.40	369.00	370.00	169.30
130.00	131.00	34.20	190.00	191.00	63.50	250.00	251.00	97.40	310.00	311.00	133.00	370.00	371.00	169.90
131.00	132.00	34.70	191.00	192.00	64.10	251.00	252.00	98.00	311.00	312.00	133.70	371.00	372.00	170.60
132.00	133.00	35.20	192.00	193.00	64.60	252.00	253.00	98.60	312.00	313.00	134.30	372.00	373.00	171.20
133.00	134.00	35.70	193.00	194.00	65.10	253.00	254.00	99.20	313.00	314.00	134.90	373.00	374.00	171.80
134.00	135.00	36.10	194.00	195.00	65.60	254.00	255.00	99.80	314.00	315.00	135.50	374.00	375.00	172.40
135.00	136.00	36.50	195.00	196.00	66.10	255.00	256.00	100.40	315.00	316.00	136.10	375.00	376.00	173.00
136.00	137.00	36.90	196.00	197.00	66.60	256.00	257.00	101.00	316.00	317.00	136.70	376.00	377.00	173.60
137.00	138.00	37.40	197.00	198.00	67.20	257.00	258.00	101.60	317.00	318.00	137.40	377.00	378.00	174.30
138.00	139.00	37.80	198.00	199.00	67.70	258.00	259.00	102.10	318.00	319.00	138.00	378.00	379.00	174.90
139.00	140.00	38.20	199.00	200.00	68.30	259.00	260.00	102.70	319.00	320.00	138.60	379.00	380.00	175.50
140.00	141.00	38.60	200.00	201.00	68.90	260.00	261.00	103.30	320.00	321.00	139.20	380.00	381.00	176.10
141.00	142.00	39.10	201.00	202.00	69.50	261.00	262.00	103.90	321.00	322.00	139.80	381.00	382.00	176.70
142.00	143.00	39.60	202.00	203.00	70.00	262.00	263.00	104.50	322.00	323.00	140.40	382.00	383.00	177.30
143.00	144.00	40.10	203.00	204.00	70.60	263.00	264.00	105.10	323.00	324.00	141.00	383.00	384.00	177.90
144.00	145.00	40.50	204.00	205.00	71.10	264.00	265.00	105.70	324.00	325.00	141.60	384.00	385.00	178.50
145.00	146.00	41.00	205.00	206.00	71.70	265.00	266.00	106.30	325.00	326.00	142.30	385.00	386.00	179.20
146.00	147.00	41.40	206.00	207.00	72.30	266.00	267.00	106.80	326.00	327.00	142.90	386.00	387.00	179.80
147.00	148.00	41.90	207.00	208.00	72.90	267.00	268.00	107.40	327.00	328.00	143.50	387.00	388.00	180.40
148.00	149.00	42.40	208.00	209.00	73.40	268.00	269.00	108.00	328.00	329.00	144.10	388.00	389.00	181.00
149.00	150.00	42.80	209.00	210.00	74.00	269.00	270.00	108.60	329.00	330.00	144.70	389.00	390.00	181.60
150.00	151.00	43.30	210.00	211.00	74.50	270.00	271.00	109.20	330.00	331.00	145.30	390.00	391.00	182.20
151.00	152.00	43.80	211.00	212.00	75.10	271.00	272.00	109.80	331.00	332.00	146.00	391.00	392.00	182.90
152.00	153.00	44.30	212.00	213.00	75.60	272.00	273.00	110.40	332.00	333.00	146.60	392.00	393.00	183.50
153.00	154.00	44.80	213.00	214.00	76.20	273.00	274.00	111.00	333.00	334.00	147.20	393.00	394.00	184.10
154.00	155.00	45.20	214.00	215.00	76.80	274.00	275.00	111.50	334.00	335.00	147.80	394.00	395.00	184.70
155.00	156.00	45.70	215.00	216.00	77.40	275.00	276.00	112.10	335.00	336.00	148.40	395.00	396.00	185.30
156.00	157.00	46.10	216.00	217.00	77.90	276.00	277.00	112.70	336.00	337.00	149.00	396.00	397.00	185.90
157.00	158.00	46.60	217.00	218.00	78.50	277.00	278.00	113.30	337.00	338.00	149.70	397.00	398.00	186.60
158.00	159.00	47.10	218.00	219.00	79.00	278.00	279.00	113.90	338.00	339.00	150.30	398.00	399.00	187.20
159.00	160.00	47.60	219.00	220.00	79.60	279.00	280.00	114.50	339.00	340.00	150.90	399.00	400.00	187.80

Area relating to Borneo.

8. The Fourth Schedule to the Income Tax Regulations is repealed.

Amendments in relation to decimal currency.

9. The Income Tax Regulations are amended as set out in the Schedule to these Regulations.

Transitional provisions.

10.—(1.) Where—

(a) the prescribed rate at which deductions are to be made for the purposes of section 221c of the Income Tax Assessment Act 1936-1967 from any salary or wages paid to an employee after the commencement of these Regulations would, but for this regulation, be ascertained in accordance with regulation 54b of the Income Tax Regulations by reference to a declaration that the employee furnished to his employer before the commencement of these Regulations; and

(b) the deduction value of a dependant shown in that declaration was Two hundred and eighty-six dollars, One hundred and eighty-two dollars or One hundred and thirty dollars,

the prescribed rate at which deductions are to be made, for the purposes of that section, from the salary or wages of the employee is the rate that would be the prescribed rate by virtue of that regulation if the deduction value of that dependant shown in that declaration had been increased by Twenty-six dollars and the total deduction value of dependants as set out in the declaration had been increased accordingly.

(2.) In the last preceding sub-regulation, references to the deduction value of a dependant and to the total deduction value of dependants have the same respective meanings as in regulation 54c of the Income Tax Regulations.

THE SCHEDULE Regulation 9.

AMENDMENTS OF THE INCOME TAX REGULATIONS

Provisions amended	Omit—	Insert—
Regulation 8.......................	Five pounds per centum	Five per centum
Regulation 11 (2.) (b).................	Fifty pounds	One hundred dollars
Regulation 11 (2.) (c) (iii) (A)...........	Two hundred and eight pounds	Four hundred and sixteen dollars
	amount of Two hundred and eight pounds	amount of Four hundred and sixteen dollars
Regulation 11 (2.) (c) (iii) (B)...........	Two hundred and eight pounds	Four hundred and sixteen dollars
Regulation 54b (1.) (c)................	Fifty pounds	One hundred dollars
Regulation 54b (1.) (d)................	Fifty pounds	One hundred dollars
	Five shillings	Fifty cents
	Thirteen pounds	Twenty-six dollars
Regulation 54b (1.) (e)................	Fifty pounds	One hundred dollars
Regulation 54da (1.) (a)...............	Five pounds four shillings	Ten dollars forty cents
Regulation 54da (1.) (b)...............	Two shillings and sixpence	Twenty-five cents
	Thirteen pounds	Twenty-six dollars
Regulation 54da (2.) (a)...............	Seventeen shillings and sixpence	One dollar seventy-five cents
Regulation 54da (2.) (b)...............	Sixpence	Five cents
	Thirteen pounds	Twenty-six dollars
Regulation 58la (2.)..................	Two pounds	Four dollars
	Twenty pounds	Forty dollars
Regulation 64......................	One pound	Two dollars
Regulation 65 (1.)...................	One pound	Two dollars

The Schedule—continued

Provisions amended	Omit—						Insert—
Regulation 65 (2.)...................	One pound						Two dollars
	Twenty pounds						Forty dollars
Regulation 66 (a)....................	Twenty-one shillings						Two dollars ten cents
Regulation 66 (b) ...................	Twenty-five shillings						Two dollars fifty cents
The First Schedule...................
Form 4.	Minimum cost price			Selected value			Minimum cost price	Selected value
	£	s.	d.	£	s.	d.	$	$
		4	0		..		0.40	..
	1	0	0		..		2.00	..
	1	0	0		..		2.00	..
		5	0		..		0.50	..
The Second Schedule.................			£1				$1.00
			£				$

____________________

By Authority: A. J. Arthur, Commonwealth Government Printer, Canberra

Overview

The Statutory Rules 1967 No. 112, specifically the Income Tax Regulations 1967, were enacted to amend the existing Income Tax Regulations under the Income Tax Assessment Act 1936-1967. These amendments were introduced to address the transition to decimal currency in Australia, which was implemented to simplify financial transactions and reduce confusion. The regulations were made by the Governor-General in accordance with advice from the Federal Executive Council and came into operation on 1 October 1967. The policy objective of these regulations is to ensure a smooth transition to the new monetary system by updating the tax regulations to reflect the decimal currency values.

Scope and Application

The Income Tax Assessment Regulations 1967, made under the Income Tax Assessment Act 1936-1967, apply to all taxpayers in Australia and govern the administration and compliance with income tax laws. These Regulations, which came into operation on 1 October 1967, cover a broad range of areas including the valuation of trading stock, minimum values for wine and spirit stocks, rates of deductions for employees, and adjustments for decimal currency. The Regulations amend and repeal various existing regulations to update and align them with the new currency system and other legislative changes. Notably, they adjust minimum values for certain stock items, redefine rates of deductions for employee salary or wages based on new currency values, and transition forms and schedules to reflect the decimal currency system. These Regulations are applicable nationally across Australia, impacting individuals, businesses, and entities subject to income tax obligations.

Key Provisions

The Statutory Rules 1967 No. ______, Regulations under the Income Tax Assessment Act 1936-1967, introduce various amendments to the Income Tax Regulations. Effective from 1 October 1967, these amendments modify provisions related to special areas for Section 23ac, wine and spirit stocks, live stock, and rates of deduction in the absence of a claim in respect of dependants (regulation 3). Additionally, there are changes to the form of declaration as to dependants (regulation 6). The amendments also adjust the prescribed rates of deduction for employees' salary or wages, as detailed in the Third Schedule (regulation 7). Transitional provisions are provided to address adjustments for certain deduction values based on declarations made before the regulations' commencement (regulation 10). The regulations further include amendments in relation to decimal currency, such as converting monetary values from pounds, shillings, and pence to dollars and cents (schedule, regulation 9). These regulations impose specific obligations on taxpayers and employers, particularly concerning the calculation and declaration of deductions for dependants and the valuation of trading stocks. Employers are required to apply the correct rates of deduction for salary or wages based on the new schedules and to ensure that any transitional adjustments are correctly implemented. The amendments also necessitate adjustments in the valuation of wine and spirit stocks, as well as the costs associated with live stock. Failure to comply with these requirements may result in incorrect tax deductions and potential penalties. Breaches of these regulations could lead to civil consequences, including the requirement to repay any underpaid tax, interest on the underpaid amount, and potentially penalties for late or incorrect declarations. While the specific penalties are not detailed within the text, they are typically outlined in the Income Tax Assessment Act 1936-1967 or subsequent legislation. Adherence to these regulations is crucial to avoid discrepancies in tax filings and to ensure compliance with the Income Tax laws.

Area of Law: Taxation Law
Instrument: Regulation
Concepts: Commencement Provisions; Reporting & Disclosure Obligations; Regulatory Standards; Definitions & Interpretation; Repeal & Amendment; Transitional Provisions

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.

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