Federal Register of Legislation - Australian Government

Primary content

Regulations as made
These regulations amend the Income Tax Assessment Regulations 1997 to include the Kiribati Phoenix Islands Protected Area Conservation Trust as a prescribed institution to provide an income tax exemption.
Administered by: Treasury
Registered 09 Sep 2019
Tabling HistoryDate
Tabled HR11-Sep-2019
Tabled Senate12-Sep-2019
To be repealed 28 Nov 2019
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms of Australia

 

Income Tax Assessment Amendment (Kiribati Phoenix Islands Protected Area Conservation Trust) Regulations 2019

I, General the Honourable David Hurley AC DSC (Retd), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 05 September 2019

David Hurley

Governor‑General

By His Excellency’s Command

Michael Sukkar

Assistant Treasurer

 

 

 

 

  

  


Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Income Tax Assessment Regulations 1997                                                                                        2

 


1  Name

                   This instrument is the Income Tax Assessment Amendment (Kiribati Phoenix Islands Protected Area Conservation Trust) Regulations 2019.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

10 September 2019

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Income Tax Assessment Act 1997.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Income Tax Assessment Regulations 1997

1  At the end of Division 50

Add:

50‑55.01  Prescribed institutions for items 1.3, 1.4, 6.1 and 6.2 in Division 50

                   For the purposes of paragraph 50‑55(1)(c) of the Act, each institution mentioned in an item in the following table is a prescribed institution for the period:

                     (a)  starting on the date specified in column 2 for the item; and

                     (b)  ending on the date specified (if any) in column 3 for the item.

 

Prescribed institutions for items 1.3, 1.4, 6.1 and 6.2 in Division 50

Item

Column 1

Name of institution

Column 2

Starting date

Column 3

Ending date

1

Kiribati Phoenix Islands Protected Area Conservation Trust

1 July 2015

30 June 2023