Taxation Administration Amendment Regulations 2007 (No. 2)
(106 of 2007)
26 April 2007
Taxation Administration Act 1953
1 Name of Regulations
These Regulations are the Taxation Administration Amendment Regulations 2007 (No. 2).
2 Commencement
These Regulations commence on 1 July 2007.
3 Amendment of Taxation Administration Regulations 1976
(1) Schedule 1 amends the Taxation Administration Regulations 1976, as amended by the Taxation Administration Amendment Regulations 2007 (No. 1).
(2) The amendments made by Schedule 1 apply in relation to a financial year commencing on or after 1 July 2007.
Schedule 1 Amendments
[1] Paragraphs 24 (c) and (d)
substitute
(c) an offset under any of the following provisions:
(i) section 82-10 of the 1997 Tax Act;
(ii) section 82-70 of the 1997 Tax Act;
(iii) section 82-10A of the Income Tax (Transitional Provisions) Act 1997;
(iv) section 82-10C of the Income Tax (Transitional Provisions) Act 1997.
(v) Subdivision 83A of the 1997 Tax Act;
(ca) an offset under any of the following provisions:
(i) Subdivision 301-B of the 1997 Tax Act;
(ii) Subdivision 301-C of the 1997 Tax Act;
(iii) section 302-75 of the 1997 Tax Act;
(iv) section 302-85 of the 1997 Tax Act;
(v) section 302-145 of the 1997 Tax Act;
(d) a rebate for low income aged persons mentioned in section 160AAAA of the Income Tax Assessment Act 1936.
[2] Regulation 36, heading
substitute
36 ETPs and superannuation lump sums for which TFN is not quoted
[3] After subregulation 36 (1)
insert
(1A) However, this regulation does not apply in relation to an individual if subsection 12-1 (1A) of Schedule 1 to the Act applies to the payment of the ETP or the superannuation lump sum.
[4] Subregulation 36 (2)
after
the ETP
insert
or the superannuation lump sum
[5] Subregulation 36 (2)
omit
the payment
insert
the ETP or the superannuation lump sum
[6] Subregulation 36 (3)
after
the ETP
insert
or the superannuation lump sum
[7] Subregulation 36 (3)
omit
the payment
insert
the ETP or the superannuation lump sum