Tax Laws Amendment (2011 Measures No. 5) Act 2011 (62 of 2011)
Schedule 1 Primary producers' income averaging and farm management deposits
Part 1 Primary producers' income averaging
Income Tax Assessment Act 1997
1 Subsection 392-20(1)
Omit “if you are a beneficiary presently entitled to all or part of the trust income for the income year”, substitute “if you satisfy the requirements in subsection (2), (3) or (4)”.
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