Commonwealth Numbered Regulations

1986 No. 325 INCOME TAX REGULATIONS (AMENDMENT) - REG 5

5. Regulation 54B of the Principal Regulations is amended -

   (a)  by omitting paragraphs (c) and (d) and substituting the following
        paragraphs:

"(c) if paragraph (d) does not apply - the amount that, in
accordance with regulation 54AB, is, for the purposes of this
paragraph, the income tax instalment amount in relation to
the employee in respect of that week or part of a week; or

   (d)  if -

        (i)    the employee, not being a prescribed person, has
furnished to his employer, under regulation 54DACA,
a Medicare levy variation declaration that, by virtue
of regulation 54DAG, has effect for the purposes of
this Subdivision; and

        (ii)   the relevant amount of earnings of the employee in respect of
               that week or part of a week is not less than $151 but is less
               than the amount that is the shading out point in relation to
               the employee, the amount equal to the difference between -

        (iii)  the amount that, but for this paragraph, would have
been ascertained under paragraph (c) in respect of
the employee; and

        (iv)   the amount that, in accordance with sub-regulations (2) and
               (3), is, in relation to the employee, the Medicare levy
               adjustment amount in respect of that week or part of a week.";
               and

   (b)  by adding at the end the following sub-regulations:

"(2) Subject to sub-regulation (3), the amount that is, in relation to an
employee to whom paragraph (1) (d) applies, the Medicare levy adjustment
amount in respect of a week or part of a week is -

   (a)  if the relevant amount of earnings of the employee in respect of that
        week or part of a week is less than $161 - the amount in dollars and
        cents ascertained in accordance with the formula -
A - 151.81
__________;
5

   (b)  if the relevant amount of earnings of the employee in respect of that
        week or part of a week is not less than $161 but is less than the
        amount that is the weekly family income threshold in relation to the
        employee - the amount in dollars and cents ascertained in accordance
        with the formula -
A
_; or
80

   (c)  if the relevant amount of earnings of the employee in respect of that
        week or part of a week is not less than the amount that is the weekly
        family income threshold in relation to the employee - the amount in
        dollars and cents ascertained in accordance with the formula -
B 18.75 (A - B)
_______________,
                                80       100
where -
A is the relevant amount of earnings of the employee in respect
of that week or part of a week; and
B is the weekly family income threshold in relation to the
employee.

"(3) Where the number of cents included in an amount ascertained in accordance
with a formula referred to in sub-regulation (2) -

   (a)  is not a whole number; or

   (b)  is a whole number that is not a multiple of 5, there shall be
        substituted for the number of cents included in that amount -

   (c)  if paragraph (d) does not apply - the whole number nearest to that
amount that is a multiple of 5; or

   (d)  if that number of cents is a number consisting of -

        (i)    a whole number of cents that is, or ends in, 2 or 7; and

        (ii)   half a cent, the next higher whole number that is a multiple of
               5.".