Document ID: chunk:federal_register_of_legislation:C2025C00014:section:95:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 95 (pt 2/2)
Character Range: 636851–637831

trust may be required to work out its net income in a special way by Division 266 or 267 in Schedule 2F to this Act or Division 275 of the Income Tax Assessment Act 1997.
non‑assessable non‑exempt income, in relation to a trust estate, means the non‑assessable non‑exempt income of the trust estate calculated as if the trustee were a taxpayer who was a resident.
specifically entitled has the same meaning as in the Income Tax Assessment Act 1997.
 (2) For the purposes of this Division, a trust estate shall be taken to be a resident trust estate in relation to a year of income if:
 (a) a trustee of the trust estate was a resident at any time during the year of income; or
 (b) the central management and control of the trust estate was in Australia at any time during the year of income.
 (3) In this Division, a trust estate that is not a resident trust estate in relation to a year of income is referred to as a non‑resident trust estate in relation to that year of income.