Document ID: chunk:federal_register_of_legislation:C2004A00636:clause:1_16:p2
Version: federal_register_of_legislation:C2004A00636
Segment Type: clause
Provision Reference: sch 1 cl 16 (pt 2/6)
Character Range: 11368–13956

and to pay tax, under subsection 98(1) of the Income Tax Assessment Act 1936 in respect of that beneficiary; and
 (b) that beneficiary will no longer be under a legal disability, or it is reasonable to expect that he or she will no longer be under a legal disability, at the end of the current year.

Trustee previously assessed under section 99 or 99A

 (3) This Part also applies for an income year to the trustee of a trust if for a previous income year the trustee was liable to be assessed, and to pay tax, under section 99 or 99A of the Income Tax Assessment Act 1936.

Multiple applications of this Part to the same trustee for the same income year

 (4) The application of this Part for an income year, to the trustee of a trust, in respect of a beneficiary of the trust, because of subsection (1), is distinct from, and additional to, each of the following:
 (a) the application of this Part for that income year, to the trustee of the trust, in respect of another beneficiary;
 (b) the application of this Part for that income year, to the trustee of the trust, because of subsection (3);
 (c) the application of this Part for that income year to a beneficiary of the trust.

 (5) The application of this Part for an income year, to the trustee of a trust, because of subsection (3), is distinct from, and additional to, each of the following:
 (a) the application of this Part for that income year, to the trustee of the trust, in respect of a beneficiary of the trust, because of subsection (1);
 (b) the application of this Part for that income year to a beneficiary of the trust.

 (6) A multi‑rate trustee is a trustee to whom this Part applies because of this section.

45‑460  Rest of Subdivision applies only to multi‑rate trustees

  The rest of this Subdivision applies to you if, and only if, you are a *multi‑rate trustee. (It applies instead of Subdivisions 45‑J and 45‑K.)

Note: Except as provided in the rest of this Subdivision or elsewhere, this Part applies according to its terms to a multi‑rate trustee. For example, a multi‑rate trustee can become an annual payer under Subdivision 45‑E.

45‑465  Meaning of instalment income

  Your instalment income for a period is the whole of the trust's *instalment income for that period.

45‑468  Multi‑rate trustee may pay quarterly instalments on the basis of GDP‑adjusted notional tax

  Subdivision 45‑D (about quarterly payers who pay on the basis of GDP‑adjusted notional tax) applies to you in the same way as it applies to an individual.

How Commissioner works out instalment rate and notional tax for