Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

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Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

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Ch 2 title inserted by No 73 of 2006 , s 3 and Sch 5 item 40, effective 1 July 2006.

PART 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

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Pt 2-10 applies to the 2000/2001 income year and later income years. If the Commissioner gives an entity an instalment rate before the start of the 2000/2001 income year, s 45-50 applies as if the rate had been given on the first day of that income year.

Division 45 - Instalment payments  

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Subdivision 45-N - How this Part applies to the trustee of a trust  

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Subdiv 45-N inserted by No 44 of 2000.

Trustees to whom this Part applies

SECTION 45-450   TRUSTEES TO WHOM A SINGLE INSTALMENT RATE IS GIVEN  

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45-450(1)    

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This Part applies to a trustee covered by any of items 4 to 8, and 12 and 13, of the table in section 9-1 of the Income Tax Assessment Act 1997 .

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S 45-450(1) amended by No 14 of 2009, s 3 and Sch 4 item 43, by substituting " items 4 to 8, and 12 and 13 " for " items 6 to 12 " , applicable to assessments for the 2007-08 income year and later income years.

S 45-450(1) amended by No 73 of 2001.

45-450(2)    
Such a trustee is called a single-rate trustee .

45-450(3)    

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This Part applies to the trustee of a trust that is a *public trading trust, for an income year as if the trustee had a taxable income for the income year equal to the net income of the trust for the income year.

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S 45-450(3) amended by No 53 of 2016, s 3 and Sch 5 item 74, by omitting " a *corporate unit trust, or " before " a *public trading " , applicable to assessments for income years starting on or after 1 July 2016. For transitional provision, see note under s 45-280(4) .

S 45-450(3) amended by No 73 of 2001.

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S 45-450 inserted by No 44 of 2000.

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