Commonwealth Numbered Acts

INCOME TAX ASSESSMENT AMENDMENT ACT 1979 No. 12 of 1979 - SECT 19

19. (1) Section 102 of the Principal Act is amended by inserting after
sub-section (2A) the following sub-section:

''(2B) In the application of sub-section (2) in determining the amount of tax
that is payable by a trustee of a trust estate in pursuance of this section,
the reference in that sub-section to the net income of the trust estate shall
be read as a reference to that net income reduced by so much (if any) of that
net income as is attributable to a period when the person who created the
trust was not a resident and is also attributable to sources out of
Australia.''.

(2) The amendment made by sub-section (1) applies to assessments in respect of
income of the year of income that commenced on 1 July 1978 and in respect of
income of all subsequent years of income.