INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 7 - Dividends paid to trusts and partnerships  

Subdivision C - Adjustments in relation to section 160AQT amounts  

SECTION 160ARB  

160ARB   ADJUSTMENT WHERE TRUSTEE ASSESSED FOR NON-RESIDENT BENEFICIARY  
Where:


(a) a trustee is liable to be assessed under section 98 on a trust amount; and


(b) the trust amount would, but for section 128D , include withholding income;

the trust amount shall be reduced by so much of the amount that would be the potential rebate amount in relation to the trust amount if section 128D did not apply as does not exceed the trust amount.


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