INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 393 - Farm management deposits  

Subdivision 393-A - Tax consequences of farm management deposits  

SECTION 393-27   393-27   Trustee may choose that a beneficiary is a chosen beneficiary of the trust  


If a beneficiary of a trust was covered by paragraph (c) of the definition of primary producer in section 393-25 in Schedule 2G to the Income Tax Assessment Act 1936 in the 2009-10 income year, treat subsection 393-25(3) of the Income Tax Assessment Act 1997 as having applied to the beneficiary for the purpose of determining the maximum number of choices that the trustee may make under subsection 393-27(2) of that Act for the 2010-11 income year.



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