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 (Transitional Provisions) Act 1997

14   Application provision

The amendments made by this Schedule apply to:

(a) assessments for the trustee of a trust for an income year that is the 2010-11 income year or a later income year; or

(b) assessments for a beneficiary of a trust that relate to the 2010-11 income year or a later income year of the trust.