Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)

Schedule 5   20% tracing rule and repeal of Division 6B

Part 3   Amendments consequential on the repeal of Division 6B

Income Tax Assessment Act 1997

31   Section 10-5 (table item headed "trusts")

Omit:

trustees' liability to tax

98, 99, 99A, 102, 102K, 102S

substitute:

trustees' liability to tax

98, 99, 99A, 102, 102S