Document ID: chunk:federal_register_of_legislation:F2017L00529:body:0:p7
Version: federal_register_of_legislation:F2017L00529
Segment Type: other
Provision Reference: 
Character Range: 15991–18681

partners have equal individual interests in the net income, or partnership loss, of the partnership in the year of income, as the case may be – by any one of those partners;

           b)      if 2 or more of those partners have equal individual interests in the net income, or partnership loss, of the partnership in the year of income, as the case may be, and those interests are greater than the individual interest of any other of those partners in that net income or partnership loss – by any one of the first-mentioned partners; or

           c)      if paragraph (a) or (b) does not apply – by whichever of those partners has the greater or greatest individual interest in the net income, or partnership loss, of the partnership in the year of income, as the case may be.

    If there is no partner resident in Australia, the return is to be lodged by the partnership's agent in Australia.

    Table L

    Every trustee of a trust estate not covered by Tables N, O, P or R that derived income (including capital gains) during the income year. The return is required to be lodged by the trustee resident in Australia. If there is no trustee resident in Australia, the return is to be lodged by the trust's public officer or, where no public officer is appointed, by the trust's agent in Australia.

    Note:

    The trustee of an AMIT to which this table applies is required to lodge an Attribution managed investment trust tax return 2017. Other trustees to which this table applies are required to lodge the Trust tax return 2017.

    Table M

       1. Any person who was a foreign resident (within the meaning of subsection 995-1(1) of the Income Tax Assessment Act 1997) during the year of income, and:

           a)      on 1 June immediately preceding the year of income had an accumulated HELP debt (within the meaning of section 140-25 of the Higher Education Support Act 2003); and

           b)      whose income was more than $13,717 for the year of income (see paragraph 14(2)(a) of the Overseas Debtors Repayment Guidelines 2017). This income is the sum of the person's repayment income within the meaning of section 154-5 of the Higher Education Support Act 2003 and any foreign-sourced income; or

      2.      Any person who was a foreign resident (within the meaning of subsection 995-1(1) of the Income Tax Assessment Act 1997) during the year of income, and:

           a)      on 1 June immediately preceding the year of income had an accumulated TSL debt (within the meaning of section 35 of the Trade Support Loans Act 2014); and

           b)      whose income was more than the $13,717 for the year of income (see paragraph 17(5)(a) of the