Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 207-126 Entity may be ineligible if distributions do not match trust share amounts 207-126(1)
This section applies to a beneficiary of a trust in relation to an income year if:
(a) the sum of the distributions:
(i) made to the beneficiary during the income year by the trustee of the trust; and
(ii) that relate to the beneficiary ' s *trust share amount in relation to a *franked distribution made during the income year;
is less than:
(b) that trust share amount.
Commissioner ' s power to treat trust share amount as having been distributed during the income year
207-126(2)
Subsection (1) does not apply if the Commissioner, having regard to all the circumstances, considers that it would be reasonable to treat the *trust share amount as having been distributed to the beneficiary in the income year.
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