Document ID: chunk:federal_register_of_legislation:C2015A00066:clause:1_25
Version: federal_register_of_legislation:C2015A00066
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 5604–6096

25  Rate of tax payable by trustees of public trading trusts
  The rate of tax payable by a trustee of a public trading trust in respect of the net income of the public trading trust in respect of which the trustee is liable, under section 102S of the Assessment Act, to be assessed and to pay tax is:
 (a) if the trust is a small business entity for a year of income—28.5%; or
 (b) otherwise—30%.

Part 2—Consequential amendments

Division 1—Main amendments

Income Tax Assessment Act 1936