Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 276.320

    If the amount of the * trust component, worked out after applying sections   276 - 305, 276 - 310 and 276 - 315 (and, if applicable, section   276 - 325), falls short of nil:

  (a)   despite those provisions, the * trust component of that character is nil; and

  (b)   the shortfall is the * AMIT's trust component deficit of that character for the income year.