Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 251VA

             (1)  This section applies to a person, whether or not the person is a person to whom section 251V applies, during a period if, apart from this section, the person would be taken under subsection 251U(3) to be a prescribed person during one-half of the period.

             (2)  For the purposes of working out the amount of the increase in the levy (if any) payable by:

                     (a)  the person under section 8B, 8C or 8D of the Medicare Levy Act 1986 ; or

                     (b)  a trustee under section 8E, 8F or 8G of that Act in relation to a share of the net income of the trust estate to which the person is presently entitled;

the person is taken not to be a prescribed person during the whole of the period.