Document ID: chunk:federal_register_of_legislation:C2024C00381:section:12:p3
Version: federal_register_of_legislation:C2024C00381
Segment Type: section
Provision Reference: s 12 (pt 3/3)
Character Range: 22717–23539

net income; and
            C is the number of whole dollars in that net income.
 (9) The rate of tax payable by a trustee in respect of the net income of a trust estate in respect of which the trustee is liable, under section 99A of the Assessment Act, to be assessed and to pay tax is 45%.
 (10) The rate of tax payable by a trustee of a managed investment trust under subsection 275‑605(2) of the Income Tax Assessment Act 1997 is 30%.
 (11) The rate of tax payable by a trustee of an AMIT under subsection 276‑405(2) of the Income Tax Assessment Act 1997 is 45%.
 (12) The rate of tax payable by a trustee of an AMIT under subsection 276‑415(2) of the Income Tax Assessment Act 1997 is 45%.
 (13) The rate of tax payable by a trustee of an AMIT under subsection 276‑420(2) of the Income Tax Assessment Act 1997 is 45%.