Commonwealth Numbered Regulations

INCOME TAX REGULATIONS (AMENDMENT) 1997 No. 141 - REG 17

17.1 After subregulation 82B (2), insert:

"(2A) For section 221C of the Act (which provides for collection of income tax
by instalments), the rate of deductions to be made from salary or wages the
employee receives, or is entitled to receive (except an amount described in
paragraph 80 (a), (b) or (c), 80A (a) or (b) or regulation 82), in respect of
a week, or part of a week (the 'relevant amount of earnings'), is prescribed
by subregulation (3).".

17.2 Subregulation 82B (3): Omit all the words preceding paragraph 82B (3)
(a), substitute:

"(3) The prescribed rate is the sum of:".

17.3 Paragraph 82B (3) (b): Omit "the relevant amount of earnings:",
substitute "subject to subregulation (6) - the relevant amount of earnings:".

17.4 Subparagraph 82B (4) (d) (i): Omit "paragraph 106Q (4) (ca)", substitute
"paragraph 106Q (4) (d)".

17.5 Subparagraph 82B (4) (e) (i): Omit "paragraph 106Q (4) (cb)", substitute
"paragraph 106Q (4) (e)".

17.6 Subparagraph 82B (4) (f) (i): Omit "paragraph 106Q (4) (cc)", substitute
"paragraph 106Q (4) (f)".

17.7 Subparagraph 82B (4) (g) (i): Omit "paragraph 106Q (4) (cd)", substitute
"paragraph 106Q (4) (g)". [NOTE: The note following subregulation 82B (4)
should be omitted and the following note substituted:

"[NOTE: At 1 July 1997:

   (a)  Amount A is $392.99 for the year of income ending on 30 June 1998; and

   (b)  Amount B is $413.99 for the year of income ending on 30 June 1998; and

   (c)  Amount C is $445.99 for the year of income ending on 30 June 1998; and

   (d)  Amount D is $516.99 for the year of income ending on 30 June 1998; and

   (e)  Amount E is $623.99 for the year of income ending on 30 June 1998; and

   (f)  Amount F is $656.99 for the year of income ending on 30 June 1998; and

   (g)  Amount G is $705.99 for the year of income ending on 30 June 1998.]".]

17.8 Add at the end:

"(6) Paragraph (3) (b) does not apply to an employee who has given to his or
her employer a Medicare levy variation declaration:

   (a)  under paragraph 86 (1) (b) or subregulation 86 (2); and

   (b)  that includes a statement in accordance with subregulation 86 (7).".