16 Jul 12 New SAPTO regs made
Income Tax Amendment Regulation 2012 (No. 3) was made on 12 July 2012 and registered on the Federal Register of Legislative Instruments on 13 July 2011 as Select Legislative Instrument 2012 No 174.
The regulation amends the Income Tax Regulations 1936 to ensure that couples that were able to transfer amounts of pensioner tax offset (PTO) between themselves continue to be able to transfer amounts of the new seniors and pensioners tax offset (SAPTO) between themselves after 1 July 2012.
For a copy of the Explanatory Statement, click on the Explanatory Statement tab.