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

24   Application provision

(1) Subject to subitem (2), the amendments made by this Schedule apply to income of a trust of an income year starting on or after 1 July 2010.

(2) Subsection 12-175(4) in Schedule 1 to the Taxation Administration Act 1953, inserted by this Schedule, applies to income of a trust of any income year.