Commonwealth Consolidated Acts

INCOME TAX RATES ACT 1986 - SECT 28

                   The rates of tax payable by a trustee of a trust estate in respect of a share of the net income of the trust estate in respect of which the trustee is liable to be assessed and to pay tax are:

                     (a)  if paragraph 98(3)(b) of the Assessment Act applies--the rate specified in subsection 23(2) (about companies); and

                     (b)  if subsection 98(4) of the Assessment Act applies--the maximum rate specified in column 3 of the table in Part II of Schedule 7 to this Act that applies for the year of income.

Note:          If paragraph 98(3)(a) of the Assessment Act applies, see subsection 12(6).