Document ID: chunk:federal_register_of_legislation:C2024C00381:schedule:8:p3
Version: federal_register_of_legislation:C2024C00381
Segment Type: schedule
Provision Reference: sch 8 (pt 3/3)
Character Range: 68538–69405

Part III of the Assessment Act applies in relation to that share; and
 (b) to the net income or a part of the net income of a non‑resident trust estate if:
 (i) the trustee of the trust estate is liable to be assessed and to pay tax under section 99 of the Assessment Act in respect of that net income or that part of that net income of the trust estate; and
 (ii) Division 16 of Part III of the Assessment Act applies in relation to that net income or that part of that net income.
 2. The notional rate in respect of income to which this Division applies is the rate that would be calculated in accordance with Division 1 in respect of a taxable income equal to the income if that income were the taxable income of one individual and were not income in respect of which a trustee is liable to be assessed and to pay tax under section 98 or 99 of the Assessment Act.