Document ID: chunk:federal_register_of_legislation:C2016C00523:clause:2_4
Version: federal_register_of_legislation:C2016C00523
Segment Type: clause
Provision Reference: sch 2 cl 4
Character Range: 20432–21206

4  Subsection 95(1)
Insert:
Division 6 percentage:
 (a) a beneficiary of a trust estate has a Division 6 percentage of the income of the trust estate equal to the share (expressed as a percentage) of the income of the trust estate to which the beneficiary is presently entitled; and
 (b) the trustee of a trust estate has a Division 6 percentage of the income of the trust estate equal to the share (expressed as a percentage) of the income of the trust estate to which no beneficiary is presently entitled.
However, if the income of a trust estate is nil:
 (c) a beneficiary of a trust estate has a Division 6 percentage of the income of the trust estate of 0%; and
 (d) the trustee of a trust estate has a Division 6 percentage of the income of the trust estate of 100%.