Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 380.18

    For the purposes of sections   380 - 15 and 380 - 20 to 380 - 30 (which apply if a partnership or the trustee of a trust derives NRAS rent), for each * NRAS dwelling:

  (a)   from which the electing member * derived * NRAS rent during the * NRAS year; and

  (b)   that is covered by the * NRAS certificate; and

  (c)   from which a partnership or trust that is a * member of the * NRAS consortium derived rent during the NRAS year;

treat the following proportion of the NRAS rent as being NRAS rent derived during the NRAS year by the member mentioned in paragraph   (c):

where:

"member's rent" has the same meaning as in subsection   380 - 14B(2).

"total rent" has the same meaning as in subsection   380 - 14B(2).