STATUTORY RULES.
1918. No. 82.
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REGULATION UNDER THE WAR-TIME PROFITS TAX ASSESSMENT ACT 1917.
I, THE GOVERNMENT-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, to come into operation forthwith.
Dated this twenty-sixth day of March, 1918.
R. M. FERGUSON,
Governor-General.
By His Excellency’s Command,
W. A. WATT,
Acting Treasurer.
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Amendment of the War-time Profits Tax Regulations 1917.
(Statutory Rules 1917, No. 300.)
Regulation 34 of the War-time Profits Tax Regulations is repealed, and the following regulation inserted in its stead:—
34. The provisions of section eleven of the Act may be applied where it appears to the Commissioner upon the application of a taxpayer in any particular case that—
Modifications of Parts IV., V., and VI. of the Act.
(a) Regular annual sales of live stock cannot be made by the taxpayer owing to the fact that stock routes over which live stock in districts in Australia remote from centres of population are moved to other districts for sale, cannot be traversed by live stock regularly each year, or
(b) A taxpayer who has more than three but less than six pre-war trade years and who during the last three pre-war trade years has made a profit in one of those years and a loss in each of the other two years.
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