Income Tax Regulations 1936 (Repealed)

Pt 5A repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007.

Pt 5A inserted by SR No 461 of 1994.

Div 2 repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007.

Reg 53A repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007. Reg 53A formerly read:

REGULATION 53A RBLs - PERSONS AGED AT LEAST 50 ON 1 JULY 1994  
53A(1)
In this regulation, ``eligible person'' means a person born on or before 1 July 1944.

53A(2)
An eligible person has a transitional lump sum RBL if the amount of the person's HAS-based lump sum RBL exceeds $400,000.

53A(3)
Subject to regulation 53B , if an eligible person has a transitional lump sum RBL under subregulation (2), the amount of that RBL is the amount of the person's HAS-based lump sum RBL.

53A(4)
An eligible person has a transitional pension RBL if the amount of the person's HAS-based pension RBL exceeds $800,000.

53A(5)
Subject to regulation 53B , if an eligible person has a transitional pension RBL under subregulation (4), the amount of that RBL is the amount of the person's HAS-based pension RBL.

Reg 53A inserted by SR No 461 of 1994.