Income Tax Assessment Act 1936

Div 6 heading substituted by No 12 of 1979.

S 96B repealed by No 114 of 2010, s 3 and Sch 1 item 9, applicable in relation to the 2010-11 year of income for a taxpayer and later years of income. S 96B formerly read:

SECTION 96B BENEFICIARY OF NON-RESIDENT TRUST ESTATE  
96B(1)
If at any time during the 1992-93 year of income or a later year of income a taxpayer had an interest (including an interest that is to arise at a future time or is contingent on the happening of an event) in a non-resident trust estate in relation to the year of income, this section has effect for the purposes of the application of this Division to the taxpayer in relation to the trust estate in relation to the year of income.

96B(2)
The taxpayer is taken to be a beneficiary of the trust estate who is presently entitled to a share of the income of the trust estate of the year of income and who is not under a legal disability.

96B(3)
The taxpayer's share of the net income of the trust estate of the year of income is the amount calculated in accordance with section 96C.

S 96B inserted by No 190 of 1992.