INCOME TAX ASSESSMENT ACT 1936 - SECT 202DN Application of Division
INCOME TAX ASSESSMENT ACT 1936 - SECT 202DN
Application of DivisionThis Division applies to both the trustee of a trust and to a beneficiary of the trust, if:
(a) paragraph 12 - 175(1)(c) in Schedule 1 to the Taxation Administration Act 1953 applies to the trust; and
Note: That paragraph applies to certain closely held trusts.
(b) paragraph 12 - 175(1)(d) in that Schedule
applies to the beneficiary.