Treasury Laws Amendment (2015 Measures No. 1) Regulation 2015, registered yesterday, amends various regulations to:

  • prepare the Income Tax Regulations 1936 for sunsetting having regard to the Treasury Legislation Amendment (Repeal Day) Act 2015
  • update the cents per kilometre method for determining car expense deductions for the 2014-15 year, and
  • provide superannuation funds with flexibility in reporting superannuation co-contributions and low income superannuation contributions received.