Income Tax Assessment Act 1936

Div 6 heading substituted by No 12 of 1979.

S 99F repealed by No 32 of 2008 , s 3 and Sch 1 item 5, applicable to fund payments made in relation to the first income year starting on or after the first 1 July after 23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 99F formerly read:

SECTION 99F ASSESSABLE INCOME INCLUDES AMOUNTS ATTRIBUTABLE TO FUND PAYMENTS  
99F
If a beneficiary of a trust estate who is presently entitled to a share of the income of the trust estate:

(a) is a non-resident at the end of the year of income; and

(b) is not, in respect of that share, a beneficiary in the capacity of a trustee of another trust estate;

the assessable income of the beneficiary includes so much of the individual interest of the beneficiary in the net income of the trust estate as 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 .

S 99F 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.