Commonwealth Consolidated Regulations

INCOME TAX REGULATIONS 1936 - REG 150AA

                In this Division:

"rebate threshold" has the meaning given by subregulations 150AB (3) and (3A).

"relevant income-recipient" means:

                (a)    the taxpayer, if the taxpayer is an individual (except in the capacity of a trustee); and

               (b)    the beneficiary of a trust, if the trustee in relation to the trust:

                          (i)    is the taxpayer; and

                         (ii)    is liable to be assessed under section 98 of the Act in respect of the beneficiary's share of the net income of the trust estate.