45-450
CurrentTrustees to whom a single instalment rate is given
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 2Collection, recovery and administration of income tax
Part 2-10Pay as you go (PAYG) instalments
Division 45Instalment payments
Subdivision 45-NHow this Part applies to the trustee of a trust
45-450 Trustees to whom a single instalment rate is given
(1)
This Part applies to a trustee covered by any of items 4 to 8, and 12 and 13, of the table in section 9‑1 of the Income Tax Assessment Act 1997.
(2)
Such a trustee is called a single‑rate trustee.
(3)
This Part applies to the trustee of a trust that is a *public trading trust, for an income year as if the trustee had a taxable income for the income year equal to the net income of the trust for the income year.
This Act’s bill:Second reading speech
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