Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 2-10
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PAY AS YOU GO (PAYG) INSTALMENTS
Division 45
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Instalment payments
Subdivision 45-N
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How this Part applies to the trustee of a trust
Trustees to whom this Part applies
SECTION 45-450 TRUSTEES TO WHOM A SINGLE INSTALMENT RATE IS GIVEN 45-450(1)
This Part applies to a trustee covered by any of items 4 to 8, and 12 and 13, of the table in section 9-1 of the Income Tax Assessment Act 1997 .
45-450(2)
Such a trustee is called a single-rate trustee .
45-450(3)
This Part applies to the trustee of a trust that is a *public trading trust, for an income year as if the trustee had a taxable income for the income year equal to the net income of the trust for the income year.
View history note
Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxSECTION 45-450 TRUSTEES TO WHOM A SINGLE INSTALMENT RATE IS GIVEN 45-450(1)
This Part applies to a trustee covered by any of items 4 to 8, and 12 and 13, of the table in section 9-1 of the Income Tax Assessment Act 1997 .
45-450(2)
Such a trustee is called a single-rate trustee .
45-450(3)
This Part applies to the trustee of a trust that is a *public trading trust, for an income year as if the trustee had a taxable income for the income year equal to the net income of the trust for the income year.
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