Tax Laws Amendment (2010 Measures No. 2) Act 2010 (75 of 2010)
Schedule 2 Extending the TFN withholding arrangements to closely held trusts, including family trusts
Part 1 Main amendments
Taxation Administration Act 1953
3 Subsection 10-5(1) in Schedule 1 (after table item 14)
Insert:
|
14A |
A trustee of a closely held trust distributing an amount from the trust income to a beneficiary, where the beneficiary does not quote its tax file number |
12-175 |
|
14B |
A beneficiary of a closely held trust becoming presently entitled to income of the trust, where the beneficiary does not quote its tax file number |
12-180 |
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