S 485A repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. For saving provisions, see note under Part
heading. S 485A formerly read:
SECTION 485A APPLYING OPERATIVE PROVISION IN WORKING OUT NET INCOME OF PARTNERSHIP OR TRUST ESTATE
For the purpose of working out the net income of a partnership or of a trust estate, the operative provision applies as mentioned in section
, subject to the following provision.
S 485(1) amended by No 155 of 1997.
The requirement in the definition of
for assessable income to be calculated as if the partnership or trust estate concerned were a taxpayer who is a resident is, in applying the operative provision, to be taken to be a requirement to calculate that assessable income as if the taxpayer were a Part XI Australian resident.
(Repealed by No 155 of 1997)
S 485A inserted by No 18 of 1993.