{"id":"C1917L00280","name":"Income Tax Regulations 1917","slug":"income-tax-regulations-1917","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"280 of 1917","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":20783,"registerId":"commonwealth-C1917L00280-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Income Tax Regulations 1917","content":"STATUTORY RULES.\n\n1917\\. No. 280.\n\nREGULATIONS UNDER THE INCOME TAX ASSESSMENT ACT 1915-1916.\n\nI, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Income Tax Assessment Act 1915-1916 to come into operation forthwith.\n\nDated this twenty-fourth day of October, One thousand nine hundred and seventeen.\n\nR. M. FERGUSON,\n\nGovernor-General.\n\nBy His Excellency’s Command,\n\nJOHN FORREST,\n\nTreasurer.\n\nPart I.—Introductory.\n\nShort title.\n\n1\\. These Regulations may be cited as the Income Tax Regulations 1917.\n\nParts.\n\n2\\. These Regulations are divided into Parts, as follows:—\n\nPart I.—Introductory.\n\nPart II.—Returns.\n\nPart III.—Payment of Income Tax.\n\nPart IV.—Objections.\n\nPart V.—Miscellaneous.\n\nDefinition.\n\n3\\. In these Regulations—\n\n“Financial Year” means a financial year as fixed by the Act.\n\n“The Act” means the Income Tax Assessment Act 1915-1916.\n\nPart II.—Returns.\n\nSignature of returns.\n\n4\\. Every return shall be signed by the person who makes it.\n\nReturns to be in First Form except as otherwise provided.\n\n5\\. Except as hereinafter otherwise specially provided every return shall be made and furnished in the First Form in the Schedule.\n\nReturns by companies.\n\n6. Every return by a company shall be made and furnished in the second Form in the Schedule, and shall be accompanied by:—\n\n(a) A Balance-sheet and Profit and Loss Account supporting the particulars in the return; (b) A statement showing:—\n\n(i) the names and addresses of all shareholders resident in Australia during the twelve months preceding the financial year for which income tax is payable; and\n\n(ii) the amount (if any) of profits paid or credited to each such shareholder during the twelve months preceding the financial year for which income tax is payable whether or not the period covered by the return differs from such financial year;\n\nC.10479.—Price 8d. \n\n(c) A statement showing:—\n\n(i) how much of the assessable income derived by the Company, during the period covered by the return, has been credited or paid (either during or after that period) to members or shareholders who are absentees; and\n\n(ii) how much of the assessable income derived by the Company, during the period covered by the return, has been credited or paid as interest to persons who are absentees in respect of debentures of the Company or on money lodged at interest with the Company; and\n\n(d) (If the return is the first return furnished by the Company) notice of the appointment of the Public Officer of the Company.\n\nReturns by partnerships.\n\n7\\. Every partnership whose total income from all sources in Australia in any year exceeds £156 (one hundred and fifty-six pounds) shall, when called upon by the Commissioner by notice published in the Gazette, furnish to the Commissioner a partnership return setting forth a full and complete statement of the income derived by the partnership during the year in respect of which the return is required.\n\nReturn to be made by senior active partner in Australia.\n\n8\\. Every partnership return shall be made and furnished by the Senior Active Partner resident in Australia.\n\nSeparate returns to be furnished for partners.\n\n9\\. (1) Every partner in a partnership shall furnish a separate return of his total individual income (including income from the partnership and from other sources) in every case in which he would be required to furnish a return if the same total income had been derived by him from sources other than the partnership.\n\n(2) The return shall state the income derived respectively from—\n\n(a) the partnership, and\n\n(b) from other sources.\n\nAgent to furnish separate returns for each principal.\n\n10\\. Every person liable to furnish a return as agent for another person shall furnish a separate return for each person for whom he is agent in addition to his own individual return.\n\nPartnership return by agent.\n\n11\\. Every agent for a partnership shall furnish a partnership return and shall also if so required by the Commissioner furnish a separate return for each partner.\n\nWhere agent not sole agent.\n\n12\\. If an agent is not the sole agent in Australia for a person required to furnish a return, he shall furnish a separate return stating all his transactions as agent for that person.\n\nTrustees.\n\n13\\. (1) Every return in respect of a trust estate shall be made and furnished by the Senior Active Trustee resident in Australia.\n\n(2) When there is no trustee resident in Australia the return shall be made and furnished by the agent in Australia for the trustees.\n\nStatement to be furnished by employers.\n\n14\\. (1) Every employer of labour shall, when called upon by the Commissioner either by general notice published in the Gazette or by direct notice to the employer, furnish to the Commissioner a statement showing:—\n\n(a) the names and addresses of all persons employed by him during the period mentioned in the notice;\n\n(b) the capacity in which each person was employed;\n\n(c) the total amount, paid to each person during that period; and\n\n(d) the value of board residence or other allowance made to each person during that period.\n\n \n\n(2). Each statement shall be furnished to the Commissioner at a place where under the Regulations the return of the employer is to be furnished.\n\nSpecial returns.\n\n15\\. Returns required by the Commissioner otherwise than by Notice published in the Gazette pursuant to Section 28 (l) of the Act shall be made and furnished in the form specified in the requirement.\n\nSubstantially similar returns.\n\n16\\. The Commissioner may at any time accept a return in a form substantially similar to a prescribed form.\n\nBalance-sheets to be furnished.\n\n17\\. A copy of every balance-sheet and profit and loss account relating to the income included in any return shall be furnished with that return.\n\nLodging of returns.\n\n18\\. (1) Returns of income derived from sources wholly within one State shall be furnished to the Commissioner at the office of the Deputy Commissioner in that State.\n\n(2) Returns of income derived from sources in Australia not wholly within any one State shall be furnished to the Commissioner at the head office of the Commissioner at Melbourne.\n\nSource of dividends.\n\n19\\. Income consisting of dividends on shares in a Company shall be deemed to have been derived from a source within the State in which the head office of the Company in Australia is situated.\n\nLodging of returns when income partly of dividends.\n\n20\\. When part of an income consists of dividends on shares in companies and the remainder of the income has been derived from sources wholly within one State the return shall be furnished to the Commissioner at the office of the Deputy Commissioner in that State notwithstanding that the dividends may have been derived from sources within other States.\n\nSource of mortgage interest.\n\n21\\. (1) Income consisting of interest received under a mortgage shall be deemed to have been derived from a source within the State in which the mortgaged property is situated.\n\n(2) If the mortgaged property is situated in more than one State the income shall be deemed to have been derived from sources within more than one State.\n\nTerritories.\n\n22\\. For all purposes of these Regulations—\n\n(a) the territory of the Seat of Government shall be deemed to be in the State of New South Wales;\n\n(b) the territory of Papua shall be deemed to be in the State of Queensland; and\n\n(c) the Northern Territory of Australia shall be deemed to be a separate State.\n\nWhen return deemed to be furnished.\n\n23\\. A return shall not be deemed to have been duly furnished to the Commissioner unless and until:—\n\n(a) the proper form in accordance with these Regulations signed by the person making the return and containing a full true and complete statement of all matters and things required by the Act and Regulations, the Commissioner, and the form itself to be stated therein; and\n\n(b) all balance-sheets, profit and loss accounts, statements, notices, and other documents which by the Act the Regulations or the Commissioner are required to accompany the return—\n\nhave at the place where under these Regulations the return is to be furnished, been received by an officer authorized by the Commissioner to receive returns. \n\nPersons to take necessary steps for due lodging of return.\n\n24\\. Whenever a person is required by the Act, the Regulations, or the Commissioner to furnish a return to the Commissioner, it shall be the duty of that person to make the required return and to take all steps necessary to insure that, the return is received by the Commissioner at the place where under these Regulations the return is to be furnished.\n\nAddress for service.\n\n25\\. Every person who furnishes a return shall in the return give an address in Australia for service.\n\nNotice of change of address.\n\n26\\. Every person who has given an address for service and who subsequently changes his address shall, within one month after the change, give to the Commissioner at the place where he furnished his return notice in writing of his new address in Australia for service.\n\nAddress deemed to be last known place of business or abode.\n\n27\\. The address for service last given to the Commissioner by any person shall for all purposes under the Act and Regulations be deemed the last known place of business or abode of that person in Australia.\n\nFailure to notify change of address.\n\n28\\. Any person who changes his address and fails to give to the Commissioner notice of his new address in Australia for service shall not be permitted to plead such change of address as a defence in any proceedings (whether civil or criminal) instituted against him under the Act or Regulations.\n\nAnnotations on returns.\n\n29\\. (1) The Commissioner may cause or permit his officers to make on any return such marks, figures and annotations as the Commissioner thinks fit.\n\n(2) The, marks, figures and annotations shall be made in different coloured ink from the ink used in the return and shall be initialled by the officer making them.\n\nPart III.—Payment of Income Tax.\n\nHow tax may be paid.\n\n30\\. A taxpayer may pay income tax in any of the following ways:—\n\n(a) by delivery of cash, bank notes, or cheques at the office of the Commissioner or of any Deputy Commissioner;\n\n(b) by remitting the tax to the Commissioner or any Deputy Commissioner by bank draft, or cheque, or postal money order or postal note payable in the city to which the remittance is sent; or\n\n(c) by depositing the net amount, of the tax to the credit of the Commissioner or a Deputy Commissioner at any branch of the Commonwealth Bank of Australia.\n\nPost office to be agent of remitter.\n\n31\\. When a remittance is posted by a taxpayer addressed to the Commissioner or a Deputy Commissioner the Post Office shall be deemed to be the agent of the remitter and payment shall not be deemed to have been made until the remittance has been received by the addressee.\n\nPayment by cheque.\n\n32\\. When a cheque has been delivered or remitted to the Commissioner or a Deputy Commissioner in payment of income tax, the tax shall (notwithstanding any receipt given therefor) not be deemed to have been paid until the amount for which the cheque is drawn has been collected.\n\nReceipts to be issued.\n\n33\\. Receipts for income tax shall be issued by such persons as the Commissioner or a Deputy Commissioner may authorize.\n\nPart payment of tax not to be accepted.\n\n34\\. Except with the express consent of the Commissioner or a Deputy Commissioner, no money shall be accepted on account or in part payment of income tax. \n\nPostage to be prepaid.\n\n35\\. The postage on every return, statement, communication, remittance, or other matter sent by post addressed to the Commissioner the Assistant Commissioner or a Deputy Commissioner shall be fully prepaid by the sender.\n\nDeficient postage.\n\n36\\. When any sum is received as payment of income tax the Commissioner or Deputy Commissioner, as the case may be, shall first deduct therefrom the amount of postage and surcharge (if any) paid upon any unstamped or insufficiently stamped matter received through the post from the taxpayer and shall credit in payment of tax only the net amount then remaining.\n\nPart IV.—Objections.\n\nForm of objection.\n\n37\\. (1) An objection under Section 37 of the Act to an assessment may be made in the Third Form in the Schedule.\n\n(2) The objection shall be lodged with the Commissioner at the address from which notice of the assessment objected to was issued.\n\nPart V.—Miscellaneous.\n\nSignatures.\n\n38\\. Any notice to be given by the Commissioner may be given by any officer of the Commissioner duly authorized in that behalf; and any notice purporting to be signed by the authority of the Commissioner shall be as valid and effectual for all purposes as if signed by the Commissioner in person.\n\nSignature deemed to be duly signed.\n\n39\\. (1) Any certificate, notice, or other document bearing the written stamped or printed signature of the Commissioner the Assistant Commissioner or a Deputy Commissioner shall until the contrary is proved be deemed to have been duly signed by the person by whom it purports to have been signed.\n\n(2) Judicial notice shall be taken of every such signature and of the fact that the person whose signature it purports to be holds or has held the office of Commissioner Assistant Commissioner or Deputy Commissioner, as the case may be.\n\nAppointment of public officer.\n\n40\\. Whenever the position of Public Officer of a Company becomes vacant, and it is necessary for a new Public Officer to be appointed, the notice of appointment by the Company of a new Public Officer shall be given to the Commissioner at the place where, under these Regulations, the return of the Company is to be furnished.\n\nOnus of proof.\n\n41\\. In any proceedings against a person for failing or neglecting to duly furnish a return, a certificate in writing signed by—\n\n(a) the Commissioner;\n\n(b) the Assistant Commissioner; or\n\n(c) the Deputy Commissioner at whose office the return should have been furnished,\n\ncertifying that no return has been received from that person by any officer authorized by the Commissioner to receive returns at the place where under the Regulations the returns should have been furnished, shall be primâ facie evidence that the defendant has failed or neglected to duly furnish a return.\n\n \n\nCopies or extracts certified by Commissioner to be received in evidence.\n\n42\\. A writing certified by the Commissioner, the Assistant Commissioner or any Deputy Commissioner to be a true copy of or a true extract from any assessment, return, list, declaration, statement, book, document, or writing of any nature whatsoever in the custody of the Commissioner or of any officer of the Commissioner shall for all purposes be primâ facie evidence of the original of which it purports to be a copy or extract and shall be receivable in evidence to the same extent as the original.\n\nService of notices, &c.\n\n43\\. Any notice or other communication by or on behalf of the Commissioner may be served upon any person by posting it, by prepaid letter post addressed to the person at his last known place of business or abode in Australia and service thereof shall be deemed to have been effected at the time when it would in the ordinary course of post have arrived at the place to which it was addressed or at the post town or post office nearest to that place whether or not it has in fact been received by the addressee.\n\nWhere prosecution may be instituted.\n\n44\\. A prosecution under Section 58 of the Act, for any of the following offences, namely:—\n\n(a) failing or neglecting to duly furnish a return; or\n\n(b) knowingly and wilfully making or delivering a false return—\n\nmay at the option of the prosecutor be instituted either—\n\n(a) in a Court of Summary Jurisdiction having jurisdiction at the place where under these Regulations the return is to be furnished; or\n\n(b) in a Court of Summary Jurisdiction having jurisdiction at the usual or last known place of business or abode of the defendant.\n\nCalculation of sinking fund.\n\n45\\. (1) When it is necessary for purposes of an assessment to ascertain the sinking fund required to replace a sum of money at the end of a number of years, Table I. in the Schedule shall be applied.\n\n(2) When it is necessary for purposes of an assessment to ascertain at any given date the value of a sinking fund accumulated at compound interest to replace a sum of money at the end of a number of years, Table II. in the Schedule shall be applied.\n\nValue of live stock.\n\n46\\. (1) For the purpose of paragraph (a) of section fourteen of the Act the value of live stock on hand at the beginning and end of the year in which the income was derived shall be calculated on the basis of the cost price of the stock.\n\n(2) The cost price of natural increase and the cost price of other stock for which the cost price cannot be stated by the taxpayer shall be deemed to be the fair average values as determined by the Commissioner.\n\n(3) Where live stock is purchased during the year and is kept separate and apart from any other stock owned by the taxpayer, it shall be valued at purchase price at the beginning and end of each trading year during which it is retained.\n\n(4) Where live stock, which has been purchased, is merged into and becomes part of the general flock or herd of live stock owned by the taxpayer, the stock remaining on hand at the end of the trading year in which the purchases were made shall be valued at the average cost per head ascertained by taking the stock on hand at the beginning \n\nof the year at the actual cost, if obtainable, or, if not obtainable, at the average cost per head arrived at under the War-time Profits Tax Regulations at the beginning of the accounting period upon the income of which income tax for 1917-18 is payable, and in each succeeding year, at the average cost arrived at under this sub-regulation for the last preceding year, together with the natural increase at the fair average value as determined by the Commissioner under sub-regulation (2) of this regulation and the stock purchased during the year at the purchase price of that stock.\n\n(5) All live stock which have died or have been killed for food during the trading year shall be valued at the average cost for the stock on hand at the end of the trading year arrived at under sub-regulation (4) of this regulation.\n\nDeclaration by officers.\n\n47\\. The Declaration to be made by officers pursuant to Section 9 of the Act shall be in the following form:—\n\nCOMMONWEALTH OF AUSTRALIA.\n\nIncome Tax Assessment Act 1915-1916.\n\nOfficer’s Declaration of Secrecy.\n\nI..............of.................., in the State of.................., in the Commonwealth of Australia do solemnly and sincerely declare that except in the performance of my duty under the Income Tax Assessment Act 1915-1916 or any amendment thereof or any Act substituted therefor I will not directly or indirectly divulge or communicate to any person any information relating to the affairs of any taxpayer.\n\nDeclared before me at................in the State\n\nof.................this..................day of...................,\n\n19 .\n\n...................................\n\nJustice of the Peace for the State of...................\n\nCommissioner for taking affidavits.\n\nCommissioner for Declarations.\n\nExpenses of witnesses.\n\n48\\. The expenses to be allowed to any person required under Section 56 of the Act to attend and give evidence shall be the sum (not exceeding in any case one pound per diem) actually and necessarily lost by such person by reason of his attendance and in addition (if such person resides more than four miles from the place of hearing) such sum for travelling expenses (not exceeding the sum actually paid) as the person conducting the inquiry thinks reasonable.\n\nRepeal.\n\n49\\. All Regulations heretofore made under the Income Tax Assessment Act 1915-1916 and in force at the date of the commencement of these Regulations are hereby repealed.\n\n \n\nBefore filling up this Return read carefully the Instructions on last page. Special Note. —Be careful to fill up Schedules 3 and 4 if they apply.\n\nTHE SCHEDULE.\n\n——\n\nFirst Form.\n\nAffix full postage and send this Return to the Deputy Federal Commissioner of Taxation, The Rialto, Melbourne (or Deputy Federal Commissioner of Taxation in the Capital City of the State).\n\nFEDERAL INCOME TAX.\n\nFile No.\n\nCommonwealth ![Commonwealth Coat of Arms](image.001.jpeg)of Australia.\n\nIncome Tax Assessment Act 1915-1916.\n\nRETURN OF INCOME DERIVED FROM ALL SOURCES IN DURING THE TWELVE MONTHS FROM 1st JULY, TO 30th JUNE,\n\nName in full of Person for whom Return is made (Mr., Mrs., or Miss) (Write plainly, and underline the surname.)\n\nOccupation\n\nWhether Married or Single† on 30th June, .\n\nPostal Address for service of Notices\n\n(Taxpayers are required to notify to the Deputy Commissioner any change of address for service of notices, &c.)\n\nLast return lodged at Federal Taxation Office\n\nIf Return is made in the capacity of—\n\nTrustee, name the Estate\\*\n\nAgent, name the Principal\\* who resides at\n\n† “Single” means bachelor, spinster, widow, widower, or divorced person.\n\n\\* Fill in whichever is applicable.\n\n| Part A. | | Office only. |\n| --------------------------------------------------------------------------------------------------------------------------------- | --- | ------------ |\n| Income from Personal Exertion (when Parts C or D are unsuitable). | £ | £ |\n| 1. Stipend, salary, wages, and overtime as employee of............................ | | |\n| 2. Profession; or share in partnership of...................................... | | |\n| 3. Income as beneficiary under will, settlement, deed of gift, or instrument of trust ofif trust income is from personal exertion | | |\n| 4. Fees, commissions, or bonuses other than life insurance bonuses (attach list)............ | | |\n| 5. Pension, superannuation, or retiring allowance................................ | | |\n| 6. Five per centum of retiring allowance or gratuity paid in a lump sum in . (Total .......amount paid to me £ ) | | |\n| 7. Value of quarters, board, &c, allowed to me by employer......................... | | |\n| Total Income.........................................£ | | |\n\n \n\nFirst Form—continued.\n\n```html\n

Deductions.

£

Office only.

8. Amount actually paid for fidelity guarantee or bond or premiums or sums paid by me to..Company on the insurance effected in Australia of my own life or that of my wife or children, or for deferred annuity, or other similar provision. (Note.—Maximum amount allowable is £50)

£

9. Payments to a superannuation, sustentation, or widows’ or orphans’ fund, or any friendly society in Australia. (Name of Society .) (Note.—Maximum amount allowable is £50.)

10. Interest (other than interest on mortgage secured on my own home) actually paid on borrowed money to the principal sum being employed for the following purposes:—

11. Gifts exceeding £20 each in cash to public charitable institutions in Australia, and contributions in cash exceeding £5 in the aggregate in respect of each object of contribution made during the continuance of the present war to any public fund established in the British Empire or an allied country, for any purpose connected with the present war. (Detailed list should be attached.) Deductions under this head will not be allowed unless verification in the nature of receipts, cheque butts, &c., is submitted, and accompanies this Return

12. Sums paid by way of commission for collecting income......................

13. Deduction of £26 for each child under 16 years of age at 1st July, , or born between then and 1st July, , wholly maintained by me. Give full particulars in Statement No. 3

14. Calls paid by me to Australian mining companies and 5 per cent. of calls paid to other Australian companies (attach list)

15. Fire and burglary insurance premiums paid on income producing property (attach list)..

16. Any other deductions (attach list).....................................

Total Deductions....................................£

Net Income........................................£

Part B.

Income from Property.

17. Gross rents—including rent from subletting (attach list)......................

18. Share of partnership of............................................

19. Dividends, interest, &c, received by or credited to me as per Statements 6 and 7......

20. Cash prize in lottery..............................................

21. Annuities, royalties, tributes, licences, &c, and premiums, fines, or foregifts received in connexion with leases (attach list)

22. Income as beneficiary under will, settlement, deed of gift, or instrument of trust of.....

23. Five per cent. of capital value at 30/6/ of my residence owned by me or of property used by me rent free for purposes of residence or enjoyment. Capital value of such property being £ . Five per cent. thereof = £

Total Income.......................................£

—————

—————

Deductions.

24. Rates and taxes. &c., as per list (but not including Federal Income Tax)............

25. Repairs (not including alterations, additions, or improvements) to properties from which rent is received (attach list)

26. Interest paid to on borrowed money used to produce income from property…………………………………………………………………………………...

27. Commission paid to for collection of income from property…………………

28. Rent paid to for property from which rent is received………………..

29. Interest paid to on a mortgage of land and residence owned and occupied, and in respect of which 5 per cent. of capital value is returned as income under Item 23

30. Any other deductions (attach list).....................................

Total Deductions....................................£

Net Income........................................£

\n```\n\nDECLARATION.\n\nI, the person making this Return, declare that the particulars shown therein, and also those stated in the Forms, Balance-sheets, Documents, and Lists herewith, are true and correct in every particular, and disclose without reservation or exception a true and complete statement of all Income liable to taxation derived from all sources in by————\n\nduring the year 1st July, , to 30th June, . Usual Signature—————\n\nDated this———————————————————— day of\n\nC.10479—2. \n\nFirst Form—continued.\n\n```html\n

Part c.

Part d.

Income from a Trade, Business, Manufacture, or Concern not shown in Parts A or B.

Income of Farmer, Pastoralist, or Horticulturist not shown in Parts A or B.

(Attach Balance-sheet and Trading and Profit and Loss Account.)

£

Office only.

Nature of Business

38. Gross sales—cash and credit—for year ended 30/6/ :—

(a) Wool £……..skins and hides £.

(b) Meat, poultry, &c..........

(c) Milk, cream, butter, cheese, eggs, &c.

(d) Grain, hay, fodder, potatoes, &c.

(e) Timber, firewood, bark, &c

(f) Wine, fruit, vegetables, &c,

(g) Other receipts from farm, station, or orchard

(h) Profit as per Statement No. 1

£

£

Office only.

Nature of Business

£

31. Sales—cash and credit—for the year ended 30/6/

32. Stock and materials on hand, 30/6/ (not including plant and fixtures)

39. Value of stock and produce given in exchange for goods, provisions, &c.

33. Value of goods (not included in sales) taken from stock and used—

(a) for maintenance of self, family, and employees

(b) for other purposes, or used in carrying on the business

(c) used as plant or for additions to buildings, &c.

40. Value of milk, butter, eggs, and vegetables, &c., taken from the business for household use and sustenance of employees

41. Value on hand at 30/6/ of—

(a) Farm and orchard produce

(b) Wool, skins, hides, &c.

42. Income from other business sources (attach list)

Total .................£

43. Five per cent, of capital value at 30/6/ of house owned and used, or used rent free, as residence

Capital value £ 5 per cent. thereof £

Deduct—

Total..............£

34. Stock and materials (not including plant and fixtures) on hand, 30/6/ , £

Less— £

44 (a) Value of farm and orchard produce, wool, &c, held on 1st July,

(b) Purchases during year , for business purposes—

(1) Seed, plants, &c., for resale

(2) Fodder...............

(3) Fertilizers and manures....

(4) Stock, &c, received in exchange for produces, &c.

(c) Loss as per Statement No. 1....

35. Net Purchases for business only of stock during year ended 30/6/ , £

Net amount............£

Add—

36. Income from commissions, discounts, rebates, and sundry credits

37. Income from other business sources (attach list)

Total income £

££

\n```\n\n \n\nFirst Form—continued.\n\nParts c and d—continued.\n\n```html\n

Deductions.

Office only.

45. Salaries and wages actually paid in the business (not including any sums drawn by me or paid as wages for fencing, ringing, clearing, or similar improvements, or for alterations or new works)

£

£

46. Amount expended for food for employees (including my own children over 15) employed exclusively in the business

47. Rent of business premises or land (not including C.P. payment for land to the Government) paid to

48, Rates and taxes, not including Federal Income Tax (attach list). If any income is shown in Part B, this deduction must be shown in Part B only

49. Insurance on business premises and stock (attach list)........................

50. Interest paid to on money used in connexion with the business…….

51. Depreciation by wear and tear of plant and machinery used in the business (not including buildings). (Attach list of plant, machines, &c, and respective values at 1st July, , and percentages written off)

52. Repairs (not including alterations, additions, or improvements) to property and machinery, implements, utensils, rolling-stock, and articles used in the production of income, but not including repairs to properties from which rent is received

53. Bad debts incurred in period 1/7/ to 30/6/ in the trade and proved to be bad and actually written off for the first time during the year ended 30/6/ (attach list)

54. Exchange, commission, and discount...................................

55. Travelling expenses incurred in the business only..........................

56. Contributions to employees’ benefit or provident fund (attach list)...............

57. Gifts exceeding £20 each in cash to public charitable institutions in Australia and contributions in cash exceeding £5 in the aggregate in respect of each object of contribution made during the continuance of the present war to a public fund established in British Empire or allied country for any purpose connected with the present war. (Detailed list and verification should be attached as per Item 11)

58. Printing, stationery, advertising, stamps, telegrams, for business purposes only.......

59. Gas, electricity (light and power), telephone, &c. (for business only)..............

60. Other business expenses (attach list)...................................

61. Calls paid to Australian mining companies, and 5 per cent. of calls paid to other Australian companies (attach list)

62. Premiums or sums paid by me in Australia to Company on the insurance of my own life or that of my wife or children, or for deferred annuity, or other similar provision. (Note.—Maximum amount allowable is £50)……………………………………………………………………

63. Deduction of £26 for each child under 16 years of age at 1st July, , or born between then and 1st July, , wholly maintained by me Give full particulars in Statement No. 3

Total Deductions.....................................£

Taxable Income.....................................£

————

————

\n```\n\nStatement No. 1.—Live-stock Schedule.\n\n```html\n

—

Number.

Value.

—

Number.

Value.

Stock on hand at 1st July, , at standard values—

£

Sales 1/7/ to 30/6/ —

£

Sheep............

Cattle

Sheep @..........

Horses...........

Cattle @..........

Pigs.............

Horses, @.........

Pigs @...........

Killed for rations—

Sheep............

Purchases at cost—

Cattle............

Pigs.............

Sheep............

Cattle

Stock on hand at 30th June, (including natural increase), at standard values—

Horses...........

Pigs.............

Sheep @..........

Cattle @..........

Horses @.........

Pigs @...........

Balance, Profit, carried in item No, 38 (h)

Balance, Loss, carried to Item No. 44 (c)

\n```\n\n \n\nUnderline Surname and sign the Return. Penalty for late lodgment 10 per cent. of Tax or Prosecution.\n\nIf your Income, other than Dividends in Companies, is derived from more than one State do not use this form. Get a suitable form from the Commissioner, at The Rialto, Collins-street, Melbourne.\n\nStatement No. 2.—Statement of Distribution by Trustees or Partnerships.\n\n| Name in full of each Partner or Beneficiary. | Residence. | Net Amount credited or paid to each Partner or Beneficiary. | Balance Undistributed. |\n| -------------------------------------------- | ---------- | ----------------------------------------------------------- | ---------------------- |\n| | | £ | £ |\n\nNote.—If any of the beneficiaries in an estate is a minor, state amount held in trust for such minor £\n\nStatement No. 3.—Deductions Claimed in respect of Children under 16 Years of Age at 1st July, , wholly maintained by Taxpayer.\n\n| Name of Child. | Date of Birth. | If not wholly maintained during year ended 30/6/ , state for what period. | If not wholly dependent state in what other way partly maintained. |\n| -------------- | -------------- | ------------------------------------------------------------------------- | ------------------------------------------------------------------ |\n| | | | |\n\nStatement No. 4.—Contributions to Dependants by Bachelors, Spinsters, Widows, Widowers, or Divorced Persons.\n\n| Name of Dependant. | Relationship to Taxpayer. | Amount contributed by Taxpayer during the period 1/7/ to 30/6/ | Remarks. |\n| ------------------ | ------------------------- | -------------------------------------------------------------- | -------- |\n| | | | |\n\nStatement no. 5.—Statement of Salaries and Wages paid and Allowances to Employees.\n\n```html\n

Employee’s Christian Name and Surname.

In what Capacity employed.

Place of Residence and Postal Address.

If not employed for whole period, state period employed.

Rate of Pay.

Total Amount of Salary or Wages paid to each in year ended 30/6/ .

Value of Board, Residence, or other Allowance to each in year ended 30/6/ .

£

Quarters

Board.

£

£

\n```\n\nIf the space is not sufficient to contain all the names, special sheets may be obtained from the Department of Taxation.\n\nPayments to any one person at a rate less than £100 per annum need not be shown.\n\n \n\nStatement No. 6—Dividends from Companies.\n\n```html\n

Name of Company.

Address.

* Amount.

Name of Company.

Address.

* Amount.

£

s.

d.

£

s.

d.

\n```\n\n\\* The gross amount of dividends must be shown. Any rebates allowable on account of income having been earned by the Company outside Australia will be calculated and deducted by the Department. Carry total amount from this Statement to Item 19.\n\nStatement No. 7.—Particulars of Money Lent by me on Mortgage, Bank Deposit, bonds, Debentures, or otherwise, except on Government Securities.\n\n```html\n

Name of Bank, Company, Firm, or Person to whom Money is lent.

Address.

Principal Amount.

State whether Deposit, Bonds, Debentures, or otherwise.

Amount of Interest received during year ended 30/6/ .

£

£

s.

d.

\n```\n\nCarry total amount of interest shown above to Item 19.\n\nInstructions to Taxpayers.\n\nOmission of any Income from a Return will render the taxpayer liable to a penalty of 10 per cent. of the whole tax assessable.\n\nReturns.\n\nThe following persons are liable to render an Income Tax Return for the 12 months ending 30th June, :—\n\n(a) Persons resident in , in receipt of a gross income exceeding £156, who are married or have dependants.\n\n(b) Persons, resident in , in receipt of a gross income of £100 and upwards, who are not married and have no dependants.\n\n“Dependant” means a relative of a taxpayer by blood, marriage, or adoption, towards whose maintenance the taxpayer has contributed at least Twenty-six pounds during the year in which his taxable income was derived.\n\n(c) Absentees having an income of £1 or upwards.\n\nHe must complete the return and sign the declaration, and deliver the return to the Federal Commissioner of Taxation, Melbourne, if the income is derived from sources in more than one State, or if the income, other than dividends in Public Companies, is derived from sources in one State only, to the Deputy Federal Commissioner of Taxation in the Capital City of that State.\n\nFull postage must be prepaid on all returns &c., sent by taxpayers.\n\nPartners’ Individual Returns.—The senior resident partner should make the partnership return. Each partner must make a separate return of his income from all sources, including his share of the partnership profits.\n\nTrustees and Beneficiaries in Trust Estates.\n\nThe senior or active trustee should make this return and statement. The return of each beneficiary who has no other source of income should be attached to, and lodged with, the trustee’s return wherever possible.\n\nIncome.\n\nEvery married person or person with dependants who received wages at the rate of 10s. a day or over in continuous employment, or whose total income amounted to £156 or over, during the\n\n \n\nInstructions to Taxpayers—continued.\n\nyear ended 30/6/ , must make a return. Every unmarried person without dependants, who received 6s. a day or over continuously during the year ended 30/6/ , or whose total income amounted to £100 or over during such period, must make a return. Any benefits in addition to or as part of salary, wages, &c., such as board or board and lodging, or any bonus or commission, are income, and their value to the recipient must be stated by him. If he lives in his own house, or occupies a house rent free, he must include 5 per cent. of the capital value of it as income. He may deduct the amount he spent in repairs, rates, insurance, &c, and interest on mortgage of the property.\n\nValue of Portion of Trade Premises used for Domestic Purposes.—All persons using their own land and houses for residence or for residential and business purposes combined must ascertain the actual capital value of such portion as is not used for business; and must return under item 23 as income 5 per cent. on the capital value of the portion used for residence. Generally, the proportion of the rent paid which should be included as income under this head is—(a) for storekeepers, grocers, and other similar trades, one-half; (b) hotelkeepers and lodginghouse-keepers, one - fourth; and (c) doctors, chemists, &c., two-thirds.\n\nWhere these proportions seem to the taxpayer too high, he should state what amount he considers a fair proportion, and the grounds upon which he arrives at such amount.\n\nFarmers and Graziers.\n\nIncome earned in Pastoral and Agricultural Industries, such as farming, grazing, dairying, vine-growing, fruit-growing, or market gardening, should be returned in Part D.\n\nGeneral.\n\nProfessional Income.—This should be stated in “Income from Personal Exertion,” Part A, and should also be shown in detail by a separate statement. Doctors, barristers, solicitors, &c., may show the actual receipts and allowable disbursements in year ended 30/6/ .\n\nIncome earned in a Trade or Business.—Trade income should be returned as nearly as possible for the year ended 30th June, . Where accounts are not balanced on 30th June, the return must be based on the annual balance-sheet and trading and profit and loss accounts, made up to the balancing date nearest thereto.\n\nBenefits or Advantages.—Hotelkeepers, lodging-house-keepers, boarding-school proprietors, storekeepers, tradesmen, and others whose household expenses (including board of themselves and families and the maintenance of their domestic establishments) are not kept distinct from their trade or business expenditure should insert as income an amount equal to what the cost of their domestic establishment would be if maintained separately.\n\nThe taxpayer must not use more than one Schedule, which is drawn up so as to comprise all classes of income.\n\nThe particulars of income should be fully stated. If there is not sufficient room in the Schedule, a list or statement should be attached.\n\nAllowable Deductions.\n\nThe allowable deductions are shown under the headings A, B, C, and D. Those expenses which the Act disallows as deductions are set out, hereunder.\n\nIn case of any doubt the facts should be laid before the Deputy Commissioner and a decision as to the allowance of the items should be asked for.\n\nExpenses not allowed as Deductions.\n\nAdditions or alterations to trade or other income-earning premises.\n\nAdditions to plant and machinery.\n\nAny domestic expenditure, or the cost of living of members of his family not exclusively engaged in the business or who are engaged in domestic duties.\n\nCost of sewerage connections.\n\nDepreciation of buildings, leaseholds., or land and improvements.\n\nDepreciation of good-will.\n\nDoubtful debts.\n\nExpenditure incurred to protect income.\n\nFederal Income Tax.\n\nInsurance on furniture or personal effects.\n\nInterest not actually paid in year ended 30/6/ .\n\nInterest paid on money which is not used to produce income.\n\nLosses by fire, accident, robbery, or embezzlement.\n\nLosses incurred in any previous year.\n\nLosses not connected with or arising out of the taxpayer’s trade or business.\n\nMoney paid to the Crown on selections.\n\nPayments from husband to wife or from wife to husband.\n\nPremiums on insurances effected outside Australia.\n\nPurchase of good-will.\n\nRent of private residence.\n\nRent of trade premises not actually paid in year ended 30/6/ .\n\nRepayment of moneys borrowed, including amounts of principal included in annual payments on loans.\n\nThe cost of maintenance of a taxpayer, his wife, or his domestic establishment.\n\nThe cost of travelling between the taxpayer’s private residence and place of business.\n\nWages not actually paid.\n\nWages to persons not employed in the trade or business.\n\nGeneral Directions.\n\nName of person to be assessed is the name of the person particulars of whose income is given in the Return, and the occupation should be descriptive of his own occupation or of his representative occupation, as the case may be. For example, if the income be that of a “trust estate,” the trustee must insert his own as “the name of the person to be assessed,” and give as his occupation “trustee of the estate of A.B., &c.”; or if agent for an absentee, he must insert his own name and state his occupation as “agent for A.B., of London, &c.” If the return is a return of the income of a partnership, the occupation should be given as “senior partner in the firm, &c.”\n\nA copy of the return, as well as all books, accounts, memoranda, and all data from which the return is made up, should be preserved for future reference in the event of further information being subsequently required by the Deputy Commissioner.\n\nSpecial Instructions.\n\nWherever deductions are claimed on account of any item in respect of which the form calls for a detailed list, such list should be attached to the return.\n\nSeparate lists are required of—\n\n1\\. Charitable contributions and gifts to war funds, and verification thereof, such as receipts, cheque butts, &c, must also be attached.\n\n2\\. Calls in companies.\n\n3\\. Fire and burglary insurance premiums.\n\n4\\. Children. (Statement 3, page .)\n\n5\\. Rates and taxes.\n\n6\\. Repairs.\n\n7\\. Depreciation (items, values, and rates.)\n\n8\\. Bad debts. Dates incurred and amounts.\n\n9\\. Contributions to benefit funds.\n\n10\\. Other business expenses.\n\nReturns should be lodged not later than 31/8/\n\n \n\nSecond Form.\n\nPrepay postage.\n\nSend this Return to the Federal Commissioner of Taxation, Melbourne (or Deputy Federal Commissioner of Taxation in the Capital City of the State).\n\nFEDERAL INCOME TAX.\n\nFile No.\n\nCommonwealth ![Commonwealth Coat of Arms](image.001.jpeg)of Australia.\n\nIncome Tax Assessment Act 1915-16.\n\nCOMPANIES DERIVING INCOME IN\n\nReturn of Income derived from all sources in during the period 1st July,\n\n, to 30th June, ,\\* or to\n\n\\* If approval has been obtained to submit return for any other period specify the period.\n\nName of Company or Principal\n\nName in full of Public Officer or Agent\n\nNature of Business\n\nPostal Address for service of Notices\n\n| Gross income—as per attached audited Profit and Loss Account | £ |\n| ------------------------------------------------------------ | --- |\n| Deductions „ ,, „ | £ |\n| Net profit for the year...................... | £ |\n| Reconciliation Statement. | |\n| Net Profit—as per Profit and Loss Account.............. | £ |\n| Add items not allowable as deductions | |\n| Taxable Income.......................... | £ |\n| Less amount distributed to shareholders.......... | £ |\n| Net taxable Income........................ | £ |\n\nReturn must be accompanied by audited Trading Account, Profit and Loss Account, Appropriation Account, Balance-sheet, and Lists in support of the following deductions:—\n\nSalaries and wages, rent, interest, insurances, donations, bad debts (showing dates incurred and dates written off), depreciation (giving basis on which depreciation is claimed), and any deductions covered by general headings.\n\nA list of resident shareholders showing names and addresses and amounts paid to each during the period 1st July, , to 30th June, , must also be furnished, together with a statement showing the total dividends paid to absentee shareholders, and interest paid or credited to absentee depositors and debenture-holders out of the income shown in this return.\n\nDeclaration.\n\nI, the person making this Return, declare that the particulars shown therein and also those stated in the Forms, Balance-sheets, Documents, and Lists herewith, are true in every particular, and disclose without reservation or exception a true statement of all income liable to taxation derived from all sources in by during the year ended\n\nDated this day of\n\nUsual Signature\n\n \n\nThird Form.\n\n———\n\nCommonwealth of Australia.\n\nFile No.\n\nIncome Tax Assessment Act 1915-16.\n\nAssessment No.\n\n———\n\nNOTICE OF OBJECTION TO ASSESSMENT.\n\nI hereby object to the assessment in respect of Income Tax for the financial year made by the Commissioner or Deputy Commissioner of Taxation, and issued to me by notice of assessment dated , and claim that the assessment of my taxable income should be based on the following amounts:—\n\n```html\n

Income from personal exertion............................

£

Income from property..................................

£

£

Less allowable deductions...................

£

Less deductions under Sec. 19................

£

£

Taxable Income..........

£

\n```\n\nMy reasons for claiming that the assessment should be on the figures stated above are—\n\n(Signature)—\n\n(Address)—\n\n(Date)—\n\n \n\nTABLE I.\n\nANNUAL SUM WHICH ACCUMULATED AT COMPOUND INTEREST WILL AMOUNT TO £1 AT THE END OF ANY NUMBER OF YEARS FROM 1 TO 100.\n\n(Annual Investment Assumed to be Spread Uniformly over Year.)\n\n| Years. | 5 per cent. | Years. | 5 per cent. | Years. | 5 per cent. |\n| ---------- | ----------- | ----------- | ----------- | ----------- | ----------- |\n| | £ | | £ | | £ |\n| 1........ | ·97580 | 36......... | ·01018 | 71......... | ·00158 |\n| 2........ | ·47600 | 37......... | ·00960 | 72......... | ·00150 |\n| 3........ | ·30953 | 38......... | ·00906 | 73......... | ·00143 |\n| 4........ | ·22640 | 39......... | ·00855 | 74......... | ·00136 |\n| 5........ | ·17660 | 40......... | ·00808 | 75......... | ·00129 |\n| 6........ | ·14346 | 41......... | ·00763 | 76......... | ·00123 |\n| 7........ | ·11985 | 42......... | ·00722 | 77......... | ·00117 |\n| 8........ | ·10219 | 43......... | ·00682 | 78......... | ·00111 |\n| 9........ | ·08850 | 44......... | ·00646 | 79......... | ·00106 |\n| 10........ | ·07758 | 45......... | ·00611 | 80......... | ·00100 |\n| 11........ | ·06869 | 46......... | ·00578 | 81......... | ·00096 |\n| 12........ | ·06130 | 47......... | ·00548 | 82......... | ·00091 |\n| 13........ | ·05509 | 48......... | ·00519 | 83......... | ·00087 |\n| 14........ | ·04979 | 49......... | ·00492 | 84......... | ·00082 |\n| 15........ | ·04522 | 50......... | ·00466 | 85......... | ·00078 |\n| 16........ | ·04125 | 51......... | ·00442 | 86......... | ·00075 |\n| 17........ | ·03776 | 52......... | ·00419 | 87......... | ·00071 |\n| 18........ | ·03469 | 53......... | ·00397 | 88......... | ·00068 |\n| 19........ | ·03195 | 54......... | ·00377 | 89......... | ·00064 |\n| 20........ | ·02951 | 55......... | ·00358 | 90......... | ·00061 |\n| 21........ | ·02732 | 56......... | ·00340 | 91......... | ·00058 |\n| 22........ | ·02534 | 57......... | ·00322 | 92......... | ·00055 |\n| 23........ | ·02355 | 58......... | ·00306 | 93......... | ·00053 |\n| 24........ | ·02193 | 59......... | ·00291 | 94......... | ·00050 |\n| 25........ | ·02045 | 60......... | ·00276 | 95......... | ·00048 |\n| 26........ | ·01909 | 61......... | ·00262 | 96......... | ·00046 |\n| 27........ | ·01785 | 62......... | ·00249 | 97......... | ·00043 |\n| 28........ | ·01671 | 63......... | ·00237 | 98......... | ·00041 |\n| 29........ | ·01566 | 64......... | ·00225 | 99......... | ·00039 |\n| 30........ | ·01469 | 65......... | ·00214 | 100........ | ·00037 |\n| 31........ | ·01379 | 66......... | ·00203 | | |\n| 32........ | ·01296 | 67......... | ·00193 | | |\n| 33........ | ·01219 | 68......... | ·00183 | | |\n| 34........ | ·01147 | 69......... | ·00174 | | |\n| 35........ | ·01080 | 70......... | ·00166 | | |\n\n \n\nTABLE II.\n\n——\n\nAMOUNT OF £1 PER ANNUM.\n\n(i.e., the sum to which an annual payment of £1 accumulated at compound interest will amount at the end of any number of years from 1 to 50.)\n\n| Years. | 5 per cent. | Years. | 5 per cent. | Years. | 5 per cent. |\n| -------- | ----------- | -------- | ----------- | -------- | ------------ |\n| | £ | | £ | | £ |\n| 1...... | 1· | 18...... | 28·13238467 | 35...... | 90·32030735 |\n| 2...... | 2·05 | 19...... | 30·53900391 | 36...... | 95·83632272 |\n| 3...... | 3·1525 | 20...... | 33·06595410 | 37...... | 101·62813886 |\n| 4...... | 4·310125 | 21...... | 35·71925181 | 38...... | 107·70954580 |\n| 5...... | 5·52563125 | 22...... | 38·50521440 | 39...... | 114·09502309 |\n| 6...... | 6·80191281 | 23...... | 41·43047512 | 40...... | 120·79977424 |\n| 7...... | 8·14200845 | 24...... | 44·50199887 | 41...... | 127·83976295 |\n| 8...... | 9·54910888 | 25...... | 47·72709882 | 42...... | 135·23175110 |\n| 9...... | 11·02656432 | 26...... | 51·11345376 | 43...... | 142·99333866 |\n| 10...... | 12·57789254 | 27...... | 54·66912645 | 44...... | 151·14300559 |\n| 11...... | 14·20678716 | 28...... | 58·40258277 | 45...... | 159·70015587 |\n| 12...... | 15·91712652 | 29...... | 62·32271191 | 46...... | 168·68516366 |\n| 13...... | 17·71298285 | 30...... | 66·43884750 | 47...... | 178·11942185 |\n| 14...... | 19·59863199 | 31...... | 70·76078988 | 48...... | 188·02539294 |\n| 15...... | 21·57856359 | 32...... | 75·29882937 | 49...... | 198·42666259 |\n| 16...... | 23·65749177 | 33...... | 80·06377084 | 50...... | 209·34799572 |\n| 17...... | 25·84036636 | 34...... | 85·06695938 | | |\n\nPrinted and Published for the Government of the Commonwealth of Australia by Albert J. Mullett, Government Printer for the State of Victoria","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2489},"content_quality":"ok","complexity_score":5,"scope_assessment":{"changed":false,"description":"The regulations remain focused on their original purpose of establishing administrative procedures for assessment and collection under the Income Tax Assessment Act 1915-1916. The content covers returns, payment, objections, and procedural matters as outlined in the original Parts structure, without expansion beyond core tax administration functions."},"complexity_factors":["Four distinct prescribed forms (First, Second, Third Forms plus supporting Statements) each with specific requirements for different entity types (individuals, companies, partnerships, trusts)","Jurisdictional filing rules requiring taxpayers to determine whether income is derived from single or multiple States to identify the correct Deputy Commissioner office","Prescriptive livestock valuation methodology (Regulation 46) requiring cost-price calculations, Commissioner-determined averages, and specific treatment for merged herds","Integrated mathematical tables (Tables I and II) for sinking fund and compound interest calculations directly within the legislative instrument","Deeming provisions that treat territories (Papua, Northern Territory, Seat of Government) as part of specific States for procedural purposes","Evidentiary provisions establishing prima facie evidence certificates and deemed service of notices by post"],"plain_english_summary":"**What this is:** The Income Tax Regulations 1917 establish the administrative machinery for Australia's early federal income tax system, operating under the Income Tax Assessment Act 1915-1916. They set out the practical \"how-to\" rules for filing returns, paying tax, and disputing assessments.\n\n**Who it affects:**\n- **Individual taxpayers** (wage earners, property owners, farmers, business owners)\n- **Companies** (required to file audited financial statements and shareholder lists)\n- **Partnerships, trusts, and agents** (who must file on behalf of others)\n- **Employers** (who must report wages paid to staff)\n\n**What it does:**\n\n*Forms and Filing:*\n- **First Form**: For individuals, with separate sections (Parts A-D) for wages/salary, property income (rent, dividends), business profits, and farming income.\n- **Second Form**: For companies, requiring audited profit and loss accounts, balance sheets, and lists of resident shareholders and absentee payments.\n- **Third Form**: For lodging objections to tax assessments.\n\n*Where to File:*\nReturns generally go to the Deputy Commissioner in your State if income comes from one State only, or to the head office in Melbourne if income crosses State borders. The regulations treat territories (like Papua or the Northern Territory) as being within specific States for filing purposes.\n\n*Payment Rules:*\nTax can be paid via cash, cheque, bank draft, or deposit at the Commonwealth Bank. Cheques only count as paid once cleared, and the Post Office acts as the taxpayer's agent when remitting by mail.\n\n*Special Valuation Rules:*\n- **Livestock**: Farmers must value stock at cost price, with specific rules for natural increase, purchased stock, and merged herds (using average cost calculations determined by the Commissioner).\n- **Sinking Funds**: Includes mathematical tables (Tables I and II) for calculating depreciation and replacement reserves.\n\n*Procedural Rules:*\n- Taxpayers must provide an Australian address for service and notify changes within one month.\n- Employers must declare wages paid to employees when requested.\n- Documents signed by the Commissioner or Deputy Commissioners are deemed valid unless proven otherwise.\n\n**Why it matters:** These regulations created the template for Australian tax administration, establishing the paperwork, payment logistics, and evidence rules that allowed the federal government to collect income tax across all States and territories."},"flash_summary":{"complexity_score":7,"scope_assessment":{"changed":false,"description":"These Regulations implement procedural and evidentiary detail to give effect to the Income Tax Assessment Act 1915–1916. They prescribe forms, lodgment locations, payment methods, supporting-document requirements, and technical tables used in assessments (Regs 4–23; 30–37; 45–46). They do not, on their face, change the substantive categories of taxable income or expand the tax base set by the Act; instead they operationalise assessment and collection processes and repeal earlier regulations (Reg 49)."},"complexity_factors":["Multiple distinct filing regimes and forms for individuals, companies, partnerships, trustees and agents with different attachment requirements (Regs 4–13; Second Form; Schedule instructions).","Extensive supplementary schedules and statements (Statements 1–7) that demand detailed accounting, valuation and lists (Reg 17; Schedule and Statement forms).","Cross-cutting rules about where a return is to be lodged depending on source of income and company head office, with special rules for inter-state and territorial sourcing (Regs 18–22).","Detailed procedural and payment mechanics that tie receipt to physical postal or banking events (Regs 30–36), creating timing dependencies between taxpayers and the Department.","Strong evidentiary presumptions and administrative certifications that simplify enforcement but shift proof burdens (Regs 39–42; Reg 41 certificate as primâ facie evidence).","Commissioner’s administrative discretions (accept substantially similar forms, annotate returns, authorize receipt-givers, issue notices by authorised officers) distributed across several provisions (Regs 16, 29, 33, 38).","Special technical rules (sinking-fund tables, livestock valuation rules) embedded into procedural law, requiring technical competence by taxpayers and officers (Regs 45–46; Tables I & II; Statement No.1).","Penalties and procedural traps (late lodgment/omission penalty in Schedule; failure to notify address change bars defence) that impose asymmetric costs on taxpayers (Reg 28; Schedule instructions).","Interlocking lists required for many deductions (charitable contributions, calls, repairs, depreciation, bad debts, etc.), increasing recordkeeping complexity and audit exposure (Schedule instructions; multiple items in the Forms)."],"plain_english_summary":"What these Regulations do (mechanics first)\n\n- Put in place the administrative procedures the Commissioner of Taxation must follow to implement the Income Tax Assessment Act 1915–1916 (they are regulations made under that Act) (preamble).\n- Prescribe the forms and schedules taxpayers must use (First, Second and Third Forms and detailed Statements) and the information those forms must include (returns by individuals, companies, partnerships, trustees, and agents) (Regs 4–13; Schedule).\n- Set where and how returns must be lodged, what documents must accompany them (balance-sheets, trading accounts, lists), and when a return is treated as duly furnished (Regs 17–23; Schedule instructions).\n- Set payment methods (cash, cheque, bank draft, Commonwealth Bank deposit), rules about postage and remittances, and when payment is treated as made (Regs 30–36).\n- Provide the procedure for objections to assessments (Reg 37 and Third Form), and evidence, service and proof rules used in enforcement and prosecutions (Regs 38–44, 41–43).\n- Give detailed technical rules used in assessment work (tables for sinking funds, live-stock valuation, officer secrecy declaration, witness expenses) and repeal earlier regulations (Regs 45–49; Schedule).\n\nWho this affects\n\n- Taxpayers required to file income-tax returns: individuals (including those with incomes above the thresholds set in the Schedule’s Instructions), companies, partnerships (where partnership income exceeds the threshold), trustees, agents, employers called on to provide pay/allowance information, and absentee-related parties (Regs 6–14; Schedule instructions).\n- The Commissioner of Taxation and delegated officers (Assistant Commissioner, Deputy Commissioners) who receive returns, make annotations, issue notices, accept or reject alternative forms, and prosecute offences (Regs 16, 29, 33, 38–39, 41–44).\n\nWhy it matters (stated purpose and practical effects)\n\n- Stated purpose: to implement the Act by prescribing the forms, lodgment, payment and evidentiary procedures necessary for assessment and collection (preamble; Regs 4–6, 17, 30–37).\n\nPractical effects, incentives and trade-offs (source-grounded)\n\n- Who pays: taxpayers whose incomes meet the filing criteria set out in the Schedule (Instructions) must prepare and sign returns and provide supporting documents; companies must supply audited accounts and lists of resident shareholders (Regs 4–6; Schedule instructions; Reg 6(b)).\n- Administrative decision-makers: the Commissioner and authorised officers control acceptance of non-prescribed forms (Reg 16), may annotate returns (Reg 29), issue receipts (Reg 33), and their certificates and signatures carry prima facie evidentiary weight (Regs 39–42). That concentrates operational decision-making in the tax office (Regs 16, 29, 39–42).\n- Compliance burden: the Regulations require detailed schedules, attachments and lists (balance-sheets, profit and loss accounts, lists of shareholders, detailed statements for farming/live-stock, lists for deductions like donations, calls, insurance, repairs, depreciation, bad debts) (Reg 6; Regs 14, 17; Schedule and Statements 1–7; Special Instructions). This raises record-keeping and preparation costs for individuals, businesses, trustees and agents.\n- Verification and enforcement mechanics: the Regulations make postal remittance and cheque-collection conditions of payment being effective (Regs 31–32), allow service by post to be treated as effective (Reg 43), and make the Commissioner’s or deputy’s certificates primâ facie evidence that a required return was not received (Reg 41). Those rules reduce the evidentiary burden on the Department but create timing and risk considerations for taxpayers (Regs 31–32, 41, 43).\n- Behavioural effects on firms and intermediaries: companies must report resident shareholders and payments to absentees (Reg 6(b)–(c)); employers can be required to supply lists of employees and payments (Reg 14). Those obligations increase administrative work for firms and create a disclosure flow to the tax office that assists assessment of individual liabilities.\n- Tightness of procedure vs flexibility: the Commissioner may accept substantially similar forms (Reg 16), but otherwise returns must be in the prescribed forms and signed by the person making them (Regs 4–5). The Regulations therefore standardise reporting but allow limited administrative flexibility (Regs 4–5, 16).\n- Penalties and procedural traps: the Schedule warns of a 10% penalty for omission or late lodgement (Schedule instructions and form footers). Failure to notify a change of address removes a defensive pleading in proceedings (Reg 28). These provisions increase the practical cost of errors and late filings (Schedule instructions; Reg 28).\n\nImplementation risk and discretionary points\n\n- Timing and receipt risks from postal/cheque handling: payments sent by post are not treated as made until received (Reg 31); cheques are not treated as paid until cleared (Reg 32). Taxpayers relying on stamps, mail or banking timing bear the operational risk.\n- Administrative discretion and evidentiary presumptions favour the Commissioner in enforcement: authorised officers may annotate returns (Reg 29), signatures and certified copies are judicially noticed until proved otherwise (Reg 39–42), and the Commissioner’s certificate is primâ facie evidence of non-lodgment (Reg 41). Those rules lower the court burden to establish certain facts but place on taxpayers the task of disproving them.\n\nMarket-liberal lens: effects on private enterprise, choice and transactions (source-based)\n\n- Administrative burden on businesses: companies, partnerships and firms supplying employee lists or shareholder lists incur measurable administrative costs (Reg 6(b)–(c); Reg 14). That can affect small businesses more strongly because of fixed compliance costs (Schedule instructions and Statements 5–7).\n- Accounting and valuation rules drive internal choices: detailed valuation rules for live stock (Reg 46; Statement No.1) and tables for sinking-fund calculations (Reg 45; Tables I & II) create concrete accounting treatments that influence firms’ record-keeping practices and possibly choices about how to present or structure transactions.\n- Contract and disclosure effects: requirement for lists and disclosure (shareholders, payments to absentees, mortgage interest source rules) increases transparency toward the tax office and may affect how firms structure payments or lending (Reg 6(c); Reg 21; Statement No.7).\n\nNet operational summary (who pays, who decides, what changes behaviour)\n\n- Who pays: taxpayers who meet the return thresholds and derive taxable income; companies that must supply audited accounts and shareholder lists (Schedule instructions; Reg 6).\n- Who decides: Commissioner and delegated officers decide acceptance of forms, require supporting documents, issue receipts and notices, and hold evidentiary prerogatives in enforcement (Regs 16, 29, 33, 38–42).\n- Behaviour change required: taxpayers must maintain the records and produce the detailed schedules called for (balance-sheets, profit & loss, lists of deductions), companies and employers must disclose participants and payments, and all filers must follow the precise payment and lodgment rules or face penalties (Regs 6, 14, 17, 30–36; Schedule instructions; Reg 28).\n\nConcrete compliance costs, capture and substitution considerations (source-grounded)\n\n- Concentrated costs fall on filers and firms required to prepare detailed schedules and lists (Reg 6; Schedule instructions; Statements 5–7).\n- The Regulations centralise evidentiary and procedural advantage in the Department through primâ facie evidentiary rules and postal-deem rules (Regs 31–32, 39–42). That reduces administrative cost for the Department at the expense of raising procedural risk for taxpayers.\n\nKey citations for main points: Regs 4–6 (forms and who signs), Regs 6(b)–(c) and 17 (company schedules and balance-sheets), Regs 7–13 (partnerships, trustees, agents), Reg 14 (employer statements), Regs 17–23 (lodging, where, and when treated as furnished), Regs 30–36 (payment rules), Regs 37–44 (objections, notices, evidence, prosecutions), Regs 45–49 and Schedule (technical tables, livestock valuation, officer declaration, repeal of prior regulations)."}},"importantCases":[],"_links":{"self":"/api/acts/income-tax-regulations-1917","history":"/api/acts/income-tax-regulations-1917/history","analysis":"/api/acts/income-tax-regulations-1917/analysis","conflicts":"/api/acts/income-tax-regulations-1917/conflicts","importantCases":"/api/acts/income-tax-regulations-1917/important-cases","documents":"/api/acts/income-tax-regulations-1917/documents"}}