Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 6 - Trust income  

SECTION 95AAB   ADJUSTMENTS UNDER SUBDIVISION 115-C OR 207-B OF THE INCOME TAX ASSESSMENT ACT 1997 - REFERENCES IN THIS ACT TO ASSESSABLE INCOME UNDER SECTION 97, 98A OR 100  

95AAB(1)  
Subsection (2) applies if an amount is included in the assessable income of a beneficiary of a trust estate because of Subdivision 115-C or 207-B of the Income Tax Assessment Act 1997 .

95AAB(2)  
For the purposes of a provision of this Act (other than a provision mentioned in subsection (3)), treat the amount as being included in the beneficiary ' s assessable income in relation to the net income of the trust estate under section 97 , 98A or 100 (as the case requires).

95AAB(3)  
The provisions are as follows:


(a) sections 97 , 98A (other than subsection 98A(2) ) and 100 (other than subsections 100(2) and (3) );


(b) sections 98 , 99 and 99A ;


(c) Subdivisions 115-C and 207-B of the Income Tax Assessment Act 1997 .

95AAB(4)  
To avoid doubt, subsection (2) applies despite subsection 6(1AA) .


 

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