Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 276.810

  (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.