Tax Laws Amendment (2011 Measures No. 5) Act 2011 (62 of 2011)
Schedule 2 Interim changes to the taxation of trust income
Part 1 Main amendments
Income Tax Assessment Act 1997
8 Section 115-200
Omit The rules also give the beneficiary a deduction if necessary to prevent it from being taxed twice on the same parts of the trusts net income., substitute Division 6E of Part III of the Income Tax Assessment Act 1936 will exclude amounts from the beneficiarys assessable income if necessary to prevent it from being taxed twice on the same parts of the trusts net income..