INCOME TAX ASSESSMENT ACT 1997 - SECT 393.28 Application of Division to beneficiary no longer under legal disability
INCOME TAX ASSESSMENT ACT 1997 - SECT 393.28
Application of Division to beneficiary no longer under legal disability(a) a * farm management deposit was made by a trustee on behalf of a beneficiary of a trust; and
(b) the beneficiary was under a legal disability when the deposit was made; and
(c) the beneficiary is no longer under a legal disability;
then this Division, and Division 4A of Part VA of the Income Tax Assessment Act 1936 , apply as if the beneficiary had made the deposit.
Note: Division 4A of Part VA of the
Income Tax Assessment Act 1936 is about quotation of tax file numbers
in connection with farm management deposits.