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

9   Subsection 393-25(3)

Omit “trustee, if you are an individual who is a beneficiary presently entitled to a share of the income of the trust”, substitute “trust, if you satisfy the requirements in subsection (4), (5) or (6)”.