Tax Laws Amendment (2012 Measures No. 3) Act 2012 (58 of 2012)
Schedule 3 Low-income taxpayer rebate
Income Tax Assessment Act 1936
1 At the end of section 159N
Add:
Rebate for a trustee assessed under section 98
(6) A trustee who is liable to be assessed under section 98 in respect of a share of the net income of a trust estate in respect of a beneficiary is not entitled under this section to a rebate of tax in their assessment for the year of income to the extent Division 6AA applies to that share.
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