Taxation Administration Amendment Regulation 2012 (No. 2)

Link to law: https://www.comlaw.gov.au/Details/F2012L01087

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Taxation Administration Amendment Regulation 2012 (No. 2)1
Select Legislative Instrument 2012 No. 92
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Taxation Administration Act 1953.
Dated 24 May 2012
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
WAYNE SWAN
Treasurer
1              Name of regulation
                This regulation is the Taxation Administration Amendment Regulation 2012 (No. 2).
2              Commencement
                This regulation commences on the commencement of Schedule 3 to the Clean Energy (Tax Laws Amendments) Act 2011.
3              Amendment of Taxation Administration Regulations 1976
                Schedule 1 amends the Taxation Administration Regulations 1976.
Schedule 1        Amendments
(section 3)
 
[1]           Paragraphs 24 (d) and (e)
substitute
               (d)    a rebate for low income aged persons and pensioners mentioned in section 160AAAA of the Income Tax Assessment Act 1936;
                (e)    for a year of income commencing before 1 July 2012—70% of the rebate mentioned in section 159N of the Income Tax Assessment Act 1936;
                (f)    for a year of income commencing on 1 July 2012, 1 July 2013 or 1 July 2014—18% of the rebate mentioned in section 159N of the Income Tax Assessment Act 1936.
[2]           Paragraph 26 (1) (j)
substitute
                (j)    whether the individual is entitled to a rebate for low income aged persons and pensioners mentioned in section 160AAAA of the Income Tax Assessment Act 1936;
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.