Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 202DN

    This Division   applies to both the trustee of a trust and to a beneficiary of the trust, if:

  (a)   paragraph   12 - 175(1)(c) in Schedule   1 to the Taxation Administration Act 1953 applies to the trust; and

Note:   That paragraph applies to certain closely held trusts.

  (b)   paragraph   12 - 175(1)(d) in that Schedule   applies to the beneficiary.