Income Tax Assessment Act 1936
This section applies to a director of a company who is included among persons who are jointly and severally liable to pay family trust distribution tax under section 271-15 , 271-20 , 271-25 or 271-30 . Director not taking part in distribution decision 271-40(2)
(a) the director did not take part in any decision to confer the entitlement or make the distribution concerned; and
(b) if the director was aware of the proposal to make the decision or of the fact that it was made - the director took reasonable steps to prevent the making, or the implementation, of the decision;
the director is not included among the persons jointly and severally liable.Director taking part in distribution decision 271-40(3)
(a) the director took part in any decision to confer the entitlement or make the distribution; and
(b) the director voted against, or otherwise disagreed with the decision; and
(c) the director took reasonable steps to prevent the implementation of the decision;
the director is not included among the persons jointly and severally liable.
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