Commonwealth Consolidated Acts

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INCOME TAX RATES ACT 1986 - SECT 27

Rates of tax payable by trustees of approved deposit funds

  (1)   The rates of tax payable by a trustee of a complying ADF in respect of the taxable income of the fund are:

  (a)   in respect of the low tax component--15%; and

  (b)   in respect of the non - arm's length component--45%.

  (2)   The rate of tax payable by a trustee of a non - complying ADF in respect of the taxable income of the fund is 45%.


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