A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 16   PAYG instalments consequential amendments

Income Tax Assessment Act 1936

3   Subsection 6(1)

Insert:

full self-assessment taxpayer , for a year of income (the current year ), means any of the following:

(a) a company;

(b) the trustee of a trust that is a corporate unit trust in relation to the current year for the purposes of Division 6B of Part III;

(c) the trustee of a trust that is a public trading trust in relation to the current year for the purposes of Division 6C of Part III;

(d) the trustee of a fund that is an eligible ADF (as defined in section 267) in relation to the current year;

(e) the trustee of a fund that is an eligible superannuation fund (as defined in section 267) in relation to the current year;

(f) the trustee of a fund that is a pooled superannuation trust (as defined in section 267) in relation to the current year.

Note: A corporate limited partnership is taken to be a company under section 94J, so it will fall within paragraph (a) of this definition.