TAXATION LAWS (MISCELLANEOUS PROVISIONS) ACT 1986 (REPEALED)
SECTION 7
APPLICATION OF AMENDMENT OF THE
TRUST RECOUPMENT TAX ACT 1985
7(1)
The amendment of section 5 of the Trust Recoupment Tax Act 1985 made by this Act applies to assessments in respect of primary taxable amounts, or secondary taxable amounts, in relation to the year of income that commenced on 1 July 1986 and all subsequent years of income.
7(2)
In the application of section 5 of the Trust Recoupment Tax Act 1985 in relation to the year of income that commenced on 1 July 1986, the reference in paragraph (a) of that section to 49% shall be read as a reference to 57.08%.
The amendment of section 5 of the Trust Recoupment Tax Act 1985 made by this Act applies to assessments in respect of primary taxable amounts, or secondary taxable amounts, in relation to the year of income that commenced on 1 July 1986 and all subsequent years of income.
7(2)
In the application of section 5 of the Trust Recoupment Tax Act 1985 in relation to the year of income that commenced on 1 July 1986, the reference in paragraph (a) of that section to 49% shall be read as a reference to 57.08%.
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