Income Tax Assessment Act 1936

Div 6 heading substituted by No 12 of 1979.

S 99G substituted by No 32 of 2008 , s 3 and Sch 1 item 6, applicable to fund payments made in relation to the first income year starting on or after the first 1 July after 23 June 2008 and later income years. S 99G formerly read:

SECTION 99G PAYMENTS COVERED BY WITHHOLDING REQUIREMENT  
99G(1)
Sections 98, 99 and 99A do not apply to so much of the net income of a trust estate of a year of income as:

(a) represents income to which a beneficiary is presently entitled; and

(b) is represented by or reasonably attributable to an amount from which an entity is required to withhold an amount under Subdivision 12-H in Schedule 1 to the Taxation Administration Act 1953.

99G(2)
Subsection 98(4) does not apply to so much of the net income of a trust estate as represents income to which a beneficiary is presently entitled and gives rise to an amount from which an entity is required to withhold an amount under that Subdivision.

S 99G inserted by No 79 of 2007 , s 3 and Sch 10 item 6, applicable to the first income year starting on or after the first 1 July after 21 June 2007 and later income years.