Income Tax Rates Act 1986

Schedules

SCHEDULE 8 - NOTIONAL RATES FOR THE PURPOSES OF SECTION 156 OF THE ASSESSMENT ACT  

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Subsection 12(2)


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PART II - NON-RESIDENT TAXPAYERS, NON-RESIDENT BENEFICIARIES AND NON-RESIDENT TRUST ESTATES  

Division 2 - Notional rates in respect of certain trust income  

SECTION 1.  

1.    
This Division applies -


(a) to a share of a non-resident beneficiary of the net income of a trust estate if -


(i) the trustee of the trust estate is liable to be assessed and to pay tax under section 98 of the Assessment Act in respect of that share; and

(ii) Division 16 of Part III of the Assessment Act applies in relation to that share; and


(b) to the net income or a part of the net income of a non-resident trust estate if -


(i) the trustee of the trust estate is liable to be assessed and to pay tax under section 99 of the Assessment Act in respect of that net income or that part of that net income of the trust estate; and

(ii) Division 16 of Part III of the Assessment Act applies in relation to that net income or that part of that net income.

 

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