Tax Laws Amendment (2010 Measures No. 2) Act 2010 (75 of 2010)
Schedule 2 Extending the TFN withholding arrangements to closely held trusts, including family trusts
Part 1 Main amendments
Taxation Administration Act 1953
8 Subsection 15-15(1) in Schedule 1 (note)
Repeal the note, substitute:
Note 1: Section 12-140 is about a payment arising from an investment where the recipient does not quote its tax file number (or, in some cases, its ABN).
Note 2: Sections 12-175 and 12-180 are about a payment of the income of a closely held trust to a beneficiary, where the beneficiary does not quote the beneficiary's tax file number.
Note 3: Section 12-145 is about an investor becoming presently entitled to income of a unit trust.
Note 4: Subdivision 12-H is about distributions of managed investment trust income.