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MEDICARE LEVY ACT 1986 - SECT 10 Levy payable by a trustee assessable under section 98 of the Assessment Act

MEDICARE LEVY ACT 1986 - SECT 10

Levy payable by a trustee assessable under section 98 of the Assessment Act

  (1)   Where a person in the capacity of a trustee of a trust estate is liable to be assessed pursuant to section   98 of the Assessment Act in respect of a share of the net income of the trust estate to which a beneficiary is presently entitled, the amount of levy payable by the trustee upon that share of that net income shall not exceed the amount of levy that would be payable by the beneficiary if the amount of that share were the taxable income of the beneficiary.

  (2)   For the purposes of working out the amount of levy that would be payable by the beneficiary, any rebate that the trustee is entitled to under section   160AAAB of the Assessment Act is taken to be a rebate that the beneficiary is entitled to under section   160AAAA of that Act.