INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 6 - Trusts other than unit trusts  

SECTION 160ZY  

160ZY   DEALING WITH RIGHT TO RECEIVE INCOME FROM TRUST  
Where -

(a) a person acquired a right to receive income from a trust estate other than the estate of a unit trust or of a trust that arose upon or resulted from the death of another person; and

(b) the person did not, apart from any operation of subsection 160ZH(9) , pay or give any consideration in respect of the acquisition of the right and did not acquire the right by way of assignment from another person,

subsection 160ZH(9) does not apply in relation to the right.