Taxation Administration Amendment Regulations 2008 (No. 4)

(284 of 2008)

Dated 12 December 2008

Taxation Administration Act 1953

1   Name of Regulations

These Regulations are theTaxation Administration Amendment Regulations 2008 (No. 4).

2   Commencement

These Regulations commence on the day after they are registered.

3   Amendment of Taxation Administration Regulations 1976

Schedule 1 amends theTaxation Administration Regulations 1976.

Schedule 1   Amendments

[1]   Regulation 39, before definition of dividend

insert

departing Australia superannuation payment has the meaning given by section 301-170 of theIncome Tax Assessment Act 1997.

[2]   Regulation 39, after definition of double tax country

insert

excess untaxed roll-over amount has the meaning given by section 306-15 of theIncome Tax Assessment Act 1997.

[3]   After regulation 42

insert

42A Departing Australia superannuation payments

The amount to be withheld under section 12-305 of Schedule 1 to the Act from a departing Australia superannuation payment is the amount of tax payable on the payment, worked out under section 5 of theSuperannuation (Departing Australia Superannuation Payments Tax) Act 2007.

42B Excess untaxed roll-over amounts

The amount to be withheld from an excess untaxed roll-over amount under section 12-312 of Schedule 1 to the Act is the amount of tax payable on the excess untaxed roll-over amount, worked out under section 5 of theSuperannuation (Excess Untaxed Roll-over Amounts Tax) Act 2007.

[4]   Regulation 43A

omit