Income Tax Assessment Amendment Regulations 2000 (No. 1) (1 of 2000)
Schedule 1 Amendments
[2] After regulation 995-1.01
insert
Schedule 1 Cents per kilometre
(regulation 28-25.01)
Part 1 Definitions
In this Schedule:
small car means a car that is powered by:
(a) an engine (other than a rotary engine) with a capacity that does not exceed 1600 cm3; or
(b) a rotary engine with a capacity that does not exceed 800 cm3.
medium car means a car that is powered by:
(a) an engine (other than a rotary engine) with a capacity that exceeds 1600 cm3 but does not exceed 2600 cm3; or
(b) a rotary engine with a capacity that exceeds 800 cm3 but does not exceed 1300 cm3.
large car means a car that is powered by:
(a) an engine (other than a rotary engine) with a capacity that exceeds 2600 cm3; or
(b) a rotary engine with a capacity that exceeds 1300 cm3.
Part 2 Cents
|
Item |
Year of income |
Small car |
Medium car |
Large car |
|
1 |
1997-98 |
45.7 |
51.9 |
53.8 |
|
2 |
1998-99 |
45.7 |
51.9 |
53.8 |
|
3 |
1999-00 |
45.9 |
54.9 |
55.8 |
Note For the rate prescribed for earlier income years, see r 147 of the Income Tax Regulations 1936.