Income Tax Assessment Amendment Regulations 2006 (No. 1)1

Select Legislative Instrument 2006 No. 60

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Income Tax Assessment Act 1997.

Dated 17 March 2006

P. M. JEFFERY

Governor-General

By His Excellency’s Command

PETER DUTTON

Minister for Revenue and Assistant Treasurer

1 Name of Regulations

  These Regulations are the Income Tax Assessment Amendment Regulations 2006 (No. 1).

2 Commencement

  These Regulations commence on the day after they are registered.

3 Amendment of Income Tax Assessment Regulations 1997

  Schedule 1 amends the Income Tax Assessment Regulations 1997.

Schedule 1 Amendments

(regulation 3)

[1] Paragraphs 61–330.01 (4) (e) and (f)

substitute

 (e) the total of premiums paid;

 (f) the private health insurance tax offset amount worked out under subsection 61–340 (5) of the Act;

[2] Paragraph 61–330.01 (4) (i)

substitute

 (i) an amount worked out by subtracting the premium reductions amount from the amount in paragraph (f);

[3] Subregulation 61–330.01 (5)

omit

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.