Land and Income Taxation Amendment Regulations 1997

Land and Income Taxation Amendment Regulations 1997

I, the Governor in and over the State of Tasmania and its Dependencies in the Commonwealth of Australia, acting with the advice of the Executive Council, make the following regulations under the Land and Income Taxation Act 1910 .

15 September 1997

G. S. M. GREEN

Governor

By His Excellency's Command,

Treasurer

Treasurer

1.   Short title

These regulations may be cited as the Land and Income Taxation Amendment Regulations 1997 .

2.   Commencement

These regulations take effect on the day on which their making is notified in the Gazette.

3.   Principal Regulations

In these regulations, the Land and Income Taxation Regulations 1996 are referred to as the Principal Regulations.

4.    Regulation 4A inserted

After regulation 4 of the Principal Regulations , the following regulation is inserted:

4A.   Prescribed scheme

A lease allowing a person to occupy a flat in a complex containing flats predominantly occupied by retired persons is a prescribed scheme for the purpose of paragraph (c) of the definition of "retirement village" in section 9A(1) of the Land and Income Taxation Act 1910 .

Displayed and numbered in accordance with the Rules Publication Act 1953.

Notified in the Gazette on 24 September 1997

These regulations are administered in the Department of Transport.

EXPLANATORY NOTE

(This note is not part of the regulation)

These regulations amend the Land and Income Taxation Regulations 1996 by prescribing a scheme for the purpose of the definition of retirement village in Part III of the Land and Income Taxation Act 1910 .