INCOME TAX RATES ACT 1986 - SECT 28A Rates of tax payable by trustees of AMITs under paragraph 276 - 105(2)(b) or (c) of the Income Tax Assessment Act 1997

INCOME TAX RATES ACT 1986 - SECT 28A

    The rates of tax payable by a trustee of an AMIT under paragraph   276 - 105(2)(b) or (c) of the Income Tax Assessment Act 1997 are:

  (a)   if paragraph   276 - 105(2)(b) of the Income Tax Assessment Act 1997 applies--the rate specified in paragraph   23(2)(b) of this Act; and

  (b)   if paragraph   276 - 105(2)(c) of that Act applies--the maximum rate specified in column 3 of the table applicable to the year of income in Part   II of Schedule   7 to this Act that applies for the year of income.

Note:   If paragraph   276 - 105(2)(a) of the Income Tax Assessment Act 1997 applies, see subsection   12(6A).