Statutory Rules

1976 No. 212

REGULATION UNDER THE INCOME TAX ASSESSMENT ACT 1936.*

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Income Tax Assessment Act 1936.

Dated this nineteenth day of August, 1976.

John R. Kerr

Governor-General,

By His Excellency’s Command,

PHILLIP LYNCH

Treasurer.

Amendment of the Income Tax Regulations†

Definitions.

Regulation 54zf of the Income Tax Regulations is amended by omitting sub-regulation (2) and substituting the following sub-regulations:—

“ (2) Subject to sub-regulation (3), for the purposes of this Division, the following are prescribed countries:—

(a) Kingdom of the Netherlands;

(b) Papua New Guinea;

(c) any other country, other than Australia, the Government of which is a party to a convention or agreement a copy of which is set out in a Schedule to the Income Tax (International Agreements) Act 1953, being a convention or agreement—

(i) the provisions of which, so far as they affect Australian tax, have the force of law as provided by that Act; and

(ii) that contains a provision limiting the amount of Australian tax payable in respect of a dividend.

“ (2a) In paragraph 2(a), ‘ Kingdom of the Netherlands ’ has the same meaning as the term ‘ the Netherlands ’ as defined in Article 3 of the Netherlands agreement referred to in the Income Tax (International Agreements) Act 1953.”.

* Notified in the Australian Government Gazette on 28 September 1976.

† Statutory Rules 1936. No. 94, as amended to date. For previous amendments to the Income Tax Regulations see footnote † to Statutory Rules 1976, No. 115 and see also Statutory Rules 1976, No. 115, Nos. 115 and 188.

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