Commonwealth Consolidated Acts

INCOME TAX RATES ACT 1986 - SECT 28

    The rates of tax payable by a trustee of a trust estate in respect of a share of the net income of the trust estate in respect of which the trustee is liable to be assessed and to pay tax are:

  (a)   if paragraph   98(3)(b) of the Assessment Act (about beneficiaries that are companies) applies:

  (i)   if the beneficiary is a company to which paragraph   23(2)(a) of this Act applies--the rate specified in paragraph   23(2)(a); or

  (ii)   otherwise--the rate specified in paragraph   23(2)(b); and

  (b)   if subsection   98(4) of the Assessment Act applies--the maximum rate specified in column 3 of the table applicable to the year of income in Part   II of Schedule   7 to this Act that applies for the year of income.

Note:   If paragraph   98(3)(a) of the Assessment Act applies, see subsection   12(6).