S 484 repealed by No 114 of 2010, s 3 and Sch 1 item 37, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income.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 484 formerly read:
SECTION 484 BARE TRUSTEE
S INTEREST TO BE ATTRIBUTED TO BENEFICIARY
If an interest in a FIF or a FLP is held by a person as trustee for another person who is absolutely entitled to the interest as against the trustee, this Part applies as if the interest were held by the other person and any acts of the trustee were acts of the other person.
For the purposes of subsection (1), if a person holds an interest in a FIF or a FLP as trustee for another person, the other person is not taken not to be absolutely entitled to the interest as against the trustee merely because the other person is under a legal disability.
S 484 inserted by No 190 of 1992.