Commonwealth Numbered Regulations

1986 No. 325 INCOME TAX REGULATIONS (AMENDMENT) - REG 7

7. Regulation 54C of the Principal Regulations is amended -
(a) by inserting "the general exemption and" after "claimed";
(b) by inserting "the amount equal to the difference between" after

"part of a week is"; and

   (c)  by omitting paragraphs (c) and (d) and substituting the following
paragraphs -

"(c) the amount that would, in accordance with regulation 54B,
be the prescribed rate in respect of those deductions if that
regulation applied to the employee; and

   (d)  the amount (being a multiple of 5 cents) that is, or is nearest to,
        the amount ascertained by multiplying 1.9 cents by the number equal to
        the number of dollars in the amount that is, in the declaration,
        specified as being the total rebate value in relation to the
        employee.".