Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 276.810

Continue to work out trust components, unders, overs etc.

             (1)  For the purposes of this section, assume that the trust is an * AMIT for the discovery year.

             (2)  If the trust has an * under or * over of a character in the discovery year for an earlier income year when the trust was an * AMIT, work out the extent to which the under or over:

                     (a)  increases the amount of the AMIT's * trust component of that character for the discovery year; or

                     (b)  decreases the amount of the AMIT's trust component of that character for the discovery year.



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