Tax Laws Amendment (2010 Measures No. 2) Act 2010 (75 of 2010)

Schedule 2   Extending the TFN withholding arrangements to closely held trusts, including family trusts

Part 1   Main amendments

Taxation Administration Act 1953

4   Subsection 12-5(2) in Schedule 1 (table item 5, column headed "In priority to:")

Before "section", insert "section 12-175 or 12-180 (Payment of income of closely held trust where TFN not quoted) or".