Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 5   AMENDMENT OF THE INCOME TAX REGULATIONS

166   Amendment

Regulation 76 of the Income Tax Regulations is amended by adding at the end the following subregulation:

"(2) If:

(a) on or after 1 July 1995, an employee receives or is entitled to receive payments of salary or wages in respect of a week or part of a week in a year of income; and

(b) during that week or part of a week, the employee contributes to the maintenance of:

(i) a dependant included in class 1 in the table in subsection 159J(2) of the Act who is a resident; and

(ii) a dependant included in class 3 or 4 in that table who is a resident; and

(c) the amount that, in respect of the year of income, is taken by section 159HA of the Act to replace the amount of $1,000 in relation to the dependant included in class 1 in the table is not more than $1,452;

the employee is not entitled to have the concessional rebate applicable to the dependant included in class 1 in the table taken into account in determining the prescribed rate of deductions to be made for the purposes of section 221C of the Act, by the employee's employer, from the payments of salary or wages.".