Commonwealth Numbered Regulations

INCOME TAX ASSESSMENT REGULATIONS 1997 No. 198 - REG 2

2. These Regulations commence on 1 July 1997. Allowance and bounty prescribed
for items 1.1 and 1.2 in Section 51-5 of Act
51-5.01 For items 1.1 and 1.2 of section 51-5 of the Act, the following
allowances and bounties are prescribed:

   (a)  a separation allowance payable on or after 12 October 1982 under
        Determination 0202 (Separation Allowance) made under the Defence Act 
        1903 ;

   (b)  a living out allowance payable on or after 17 July 1984 under
        Determination 0507 (Living Out Allowance) made under that Act;

   (c)  a living out away from home allowance payable on or after 20 December
        1984 under Determination 0508 (Living Out Away From Home Allowance)
        made under that Act;

   (d)  an education allowance payable on or after 23 October 1984 under
        Determination 0501 (Education Allowance) made under that Act;

   (e)  a scholarship allowance payable on or after 24 October 1984 under
        Determination 0502 (Scholarship Allowance) made under that Act;

   (f)  financial assistance payable on or after 30 November 1984 under
        Determination 3725 (Education Assistance Overseas) made under that
        Act;

   (g)  a child education allowance payable on or after 12 October 1984 under
        Determination 3726 (Child Education Allowance) made under that Act;

   (h)  a re-engagement bounty payable on or after 30 November 1984 under
        Determination 0701 (Re-engagement Bounty) made under that Act;

   (j)  a disturbance allowance payable on or after 1 July 1991 under
        Determination 0505 (Disturbance Allowance) made under that Act;

   (k)  a transfer allowance payable on or after 1 July 1991 under
        Determination 3702 (Transfer Allowance) made under that Act;

   (l)  a deployment allowance, in respect of non-warlike service, payable on
        or after 31 July 1994 under a Determination made under that Act. Cost
        of natural increase of live stock - paragraph 70-55 (1) (b) of Act
70-55.01 For paragraph 70-55 (1) (b) of the Act, the cost prescribed for each
animal in a class of live stock set out in column 1 of the following table is
the amount applicable to that class in column 2 of the table.

Column 1                            Column 2
Class of live stock                 Cost
$
cattle                              20.00

deer                                20.00

emus                                 8.00

goats                                4.00

horses                              20.00

pigs                                12.00

poultry                              0.35

sheep                                4.00
[NOTE: For the cost prescribed for natural increase occurring before the
1997-98 year of income, see subregulation 10 (3) of the Income Tax 
Regulations .] Definitions
995-1.01 In these Regulations, unless the contrary intention appears:

"Act" means the Income Tax Assessment Act 1997.