Tax Laws Amendment (2011 Measures No. 5) Act 2011 (62 of 2011)

Schedule 1   Primary producers' income averaging and farm management deposits

Part 1   Primary producers' income averaging

Income Tax Assessment Act 1997

1   Subsection 392-20(1)

Omit “if you are a beneficiary presently entitled to all or part of the trust income for the income year”, substitute “if you satisfy the requirements in subsection (2), (3) or (4)”.