INCOME TAX REGULATIONS (AMENDMENT) 1989 NO. 80 

INCOME TAX REGULATIONS (AMENDMENT) 1989 NO. 80 
- TABLE OF PROVISIONS

1.  
2. Schedule 8  


1989 No. 80 INCOME TAX REGULATIONS (AMENDMENT)
- REG 1


  1. After Division 5 of Part VI of the Income Tax Regulations the following
Division is inserted:
                "Division 6-Rate of deduction for car expenses
Interpretation
  "55. In this Division, unless the contrary intention appears, 'car' has the
same meaning as in Subdivision F of Division 3 of Part III of the Act.
Prescribed rate for the purposes of section 82KX of the Act
  "56. For the purposes of section 82KX of the Act, the prescribed rate
applicable to the engine capacity of a car falling within the range
specified:
  (a)  in the case of a car not powered by a rotary engine-in Column 2; or
  (b)  in the case of a car powered by a rotary engine-in Column 3; of an item
in Schedule 8 is, in relation to the year or years of income specified in the
heading to the part of that Schedule in which that item appears, the rate
specified in Column 4 of that item.".


1989 No. 80 INCOME TAX REGULATIONS (AMENDMENT)
- REG 2
Schedule 8


  2. The Income Tax Regulations are amended by adding at the end the following
Schedule:
                                   SCHEDULE 8
                                                                   Regulation
56 PRESCRIBED RATE OF DEDUCTION
                                FOR CAR EXPENSES
------------------------------------------------------------------------------
-- Column 1  Column 2                    Column 3
Column 4 Item No.  Engine capacity of car
          not powered by a rotary
          engine (cubic centimetres)  Engine capacity of car
                                      powered by a rotary
                                      engine (cubic centimetres)
Prescribed rate (cents)
------------------------------------------------------------------------------
-- PART I-YEAR OF INCOME COMMENCING ON 1 JULY 1986
1         Not exceeding 1500          Not exceeding 750
26.1 2         Exceeding 1500 but not
          exceeding 2000              Exceeding 750 but not
                                      exceeding 1000
30.5 3         Exceeding 2000 but not
          exceeding 4000              Exceeding 1000 but not
                                      exceeding 2000
35.0 4         Exceeding 4000              Exceeding 2000
36.2 PART II-YEAR OF INCOME COMMENCING ON 1 JULY 1987
5         Not exceeding 1500          Not exceeding 750
28.9 6         Exceeding 1500 but not
          exceeding 2000              Exceeding 750 but not
                                      exceeding 1000
33.8 7         Exceeding 2000 but not
          exceeding 4000              Exceeding 1000 but not
                                      exceeding 2000
38.8 8         Exceeding 4000              Exceeding 2000
40.1
------------------------------------------------------------------------------
--


- NOTES


1989 No. 80*1* INCOME TAX REGULATIONS*2* (AMENDMENT)



*1* Notified in the Commonwealth of Australia Gazette on 4 May 1989.
*2* Statutory Rules 1936 No. 94 as amended to date. For previous amendments
see Note 2 to Statutory Rules 1989 No. 67 and see also Statutory Rules 1989
No. 67.