Tax Laws Amendment (2010 Measures No. 2) Act 2010 (75 of 2010)

Schedule 2   Extending the TFN withholding arrangements to closely held trusts, including family trusts

Part 1   Main amendments

Taxation Administration Act 1953

17   After subsection 16-170(1) in Schedule 1


(1AAA) A payment summary relating to section 12-175 or 12-180 is a statement that:

(a) names the trustee and the beneficiary; and

(b) states the total of the *withholding payments (if any) that it covers, and the total of the *amounts withheld by the trustee from those withholding payments; and

(c) specifies the income year of the trust to which it relates; and

(d) is in the *approved form.