Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxYour instalment income for a period includes trust income or trust capital that a trust distributes to you, or applies for your benefit, during that period if:
(a) the income or capital is not included in your instalment income under section 45-280 or 45-285 ; and
(b) the trust satisfies the condition in paragraph 275-10(3)(a) of the Income Tax Assessment Act 1997 in relation to the income year that is or includes that period; and
(c) the trust is a *managed investment trust for that income year; and
(d) the trust meets the requirement in section 275-110 of that Act throughout the income year.
(It does not matter whether the trust income or trust capital is included in your assessable income for the income year that is or includes that period.)
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