Income Tax Rates Act 1986
The rate of tax payable by a trustee of a public trading trust in respect of the net income of the public trading trust in respect of which the trustee is liable, under section 102S of the Assessment Act, to be assessed and to pay tax is:
(a) if the trust is a base rate entity for a year of income - 26%; or
(b) otherwise - 30%.
[ CCH Note: S 25 will be amended by No 41 of 2017 (as amended by No 134 of 2018), s 3 and Sch 1 item 50, by substituting " 25% " for " 26% " in para (a), effective 1 July 2021 and applicable to the 2021-22 year of income and later years of income.]