Tax Laws Amendment (2007 Measures No. 4) Act 2007 (143 of 2007)

Schedule 8   Family trusts

Income Tax Assessment Act 1936

13   At the end of section 272-140 in Schedule 2F

Add:

(2) A reference in this Schedule to a person specified in a family trust election is a reference to:

(a) if the family trust election has not been varied - the person specified for the purposes of subsection 272-80(3); or

(b) if the family trust election has been varied - the person most recently specified under subsection 272-80(5A) or (5C).