Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 6 - Trust income  

SECTION 99GA  

99GA   AMOUNTS COVERED BY SOVEREIGN IMMUNITY EXEMPTION  

Subsection 98(3) does not apply to so much of the net income of a trust estate as represents income to which a beneficiary is presently entitled and gives rise to an amount that is non-assessable non-exempt income because of:

(a) Division 880 of the Income Tax Assessment Act 1997 ; or

(b) Division 880 of the Income Tax (Transitional Provisions) Act 1997 .