Veterans' Entitlements (Transitional Provisions and Consequential Amendments) Act 1986

Regulation 54A of the Income Tax Regulations is amended by omitting subparagraphs (b)(i) to (vi) (inclusive) of the definition of prescribed non‑resident in subregulation (1) and substituting the following subparagraphs:

subsection 4(6) of the Veterans’ Entitlements (Transitional Provisions and Consequential Amendments) Act 1986;

the Social Security Act 1947; or

the Tuberculosis Act 1948;”.

The amendment of the Income Tax Regulations effected by subsection (1) does not prevent the amendment or repeal, by regulations, of regulation 54A of the Income Tax Regulations as amended by subsection (1).

The amendment of the Income Tax Regulations effected by subsection (1) applies in relation to the year of income commencing on 1 July 1986, and all subsequent years of income.

The Income Tax Regulations apply in relation to the year of income that commenced on 1 July 1985 as if the amendment referred to in subsection (3) had not been made but, in the definition of prescribed non‑resident in subregulation 54A(1), the following subparagraphs were inserted after subparagraph (b)(iv):

subsection 4(6) of the Veterans’ Entitlements (Transitional Provisions and Consequential Amendments) Act 1986;”.