Income Tax Assessment Act 1936
View history note
Hide history noteWhere a beneficiary who is under a legal disability:
(a) is presently entitled to a share of the income of a trust estate derived during a year of income of the beneficiary; and
(b) is the owner of a farm management deposit made during the year of income;
(c) (Repealed by of 79 of 2010)
this Division applies in relation to the beneficiary in relation to the year of income as if the beneficiary were not under any legal disability.
97A(1A)
Where a beneficiary who is deemed by subsection 95A(2) to be presently entitled to any income of a trust estate derived during a year of income of the beneficiary:
(a) is not under a legal disability; and
(b) is the owner of a farm management deposit made during the year of income;
(c) (Repealed by No 79 of 2010 )
the beneficiary is, for the purposes of the application of this Division in relation to that beneficiary in relation to that year of income, a beneficiary to whom this subsection applies.
97A(2)
(Repealed by No 79 of 2010 )
Note:
This section applies to certain beneficiaries as if they were individuals who are carrying on a primary production business: see subsections 393-25(3) , (4) , (5) and (6) of the Income Tax Assessment Act 1997 .
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