INCOME TAX RATES ACT 1986
SchedulesSCHEDULE 10 - RATES OF TAX PAYABLE BY A TRUSTEE UNDER SECTION 98 OR 99 OF THE ASSESSMENT ACT
PART I - RESIDENT BENEFICIARIES AND RESIDENT TRUST ESTATES SECTION 2. 2.
In the case of a trustee who is liable to be assessed and to pay tax under section 99 of the Assessment Act in respect of the net income or part of the net income of a resident trust estate, other than income to which clause 1 applies, the rate of tax is the rate that would be payable under Part I of Schedule 7 in respect of a taxable income equal to that net income or that part of the net income if -
(a) one individual were liable to be assessed and to pay tax on that income; and
(b) the words " exceeds the tax-free threshold but " were omitted from item 1 of the table applicable to the year of income in Part I of Schedule 7 .