A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 2   Collection and recovery rules

Part 1   Amendment of the Taxation Administration Act 1953

4   At the end of Schedule 1

Add:

[The next Division is Division 444.]

Part 5-45 - Application of taxation laws to certain entities

Division 444 - Entities that are not legal persons

Table of sections

444-5 Partnerships

444-10 Unincorporated companies

444-15 Superannuation funds

444-5 Partnerships

(1) This Schedule applies to a partnership as if the partnership were a person, but with the changes set out in this section.

(2) An obligation that this Schedule would otherwise impose on the partnership:

(a) is imposed instead on each partner; but

(b) may be discharged by any of the partners.

(3) The partners are jointly and severally liable to pay an amount that would otherwise be payable by the partnership under this Schedule.

444-10 Unincorporated companies

An obligation that this Schedule would otherwise impose on a company that is not incorporated:

(a) is imposed instead on each member of the company's committee of management; but

(b) may be discharged by any of those members.

444-15 Superannuation funds

If a *superannuation fund does not have a trustee of the fund, this Schedule applies to the fund as if:

(a) the person who manages the fund were the trustee of the fund; or

(b) each of the persons who manage the fund were a trustee of the fund.

Note: The trustee of a superannuation fund is an entity. See subsection 960-100(2) of the Income Tax Assessment Act 1997.