Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2f:p52
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2F (pt 52/79)
Character Range: 2333049–2335629

to an eligible entity (see subsection (6)).

Eligible entities
 (6) Each of the following is an eligible entity:
 (a) the primary interposed entity;
 (b) a company in respect of which an interposed entity election had been made to be included in the family group of the primary individual, where the company was a non‑resident, and the election was in force, when the conferral or distribution took place;
 (c) a partnership in respect of which an interposed entity election had been made to be included in the family group of the primary individual, where any of the partners was a non‑resident, and the election was in force, when the conferral or distribution took place;
 (d) a trust:
 (i) in respect of which an interposed entity election had been made to be included in the family group of the primary individual; or
 (ii) in respect of which a family trust election had been made specifying the primary individual;
  where, when the conferral or distribution took place, the election was in force and either a trustee was a non‑resident or the trust's central management and control were outside Australia.

271‑70  Reduction of liability where tax paid
  If family trust distribution tax (the secondary tax) becomes payable under section 271‑60 or 271‑65 on an amount of family trust distribution tax (the primary tax) that the Commissioner determined was unlikely to be paid:
 (a) if any of the primary tax is later paid—any liability to the secondary tax existing at the time of the payment is reduced by the amount of the payment; and
 (b) if any of the secondary tax is later paid—any liability to the primary tax existing at the time of the payment is reduced by the amount of the payment.

271‑75  Payment of family trust distribution tax

Tax under sections 271‑15 to 271‑30
 (1) Family trust distribution tax under any of sections 271‑15 to 271‑30 is due and payable:
 (a) in a case where the conferral or distribution on whose amount or value the tax is payable was made before the day on which the election was made—at the end of 21 days after the day on which the election was made; or
 (b) in any other case—at the end of 21 days after the day on which the conferral or distribution, on whose amount or value the tax is payable, was made;
or by the end of such later day as the Commissioner, in special circumstances, allows.

Tax under section 271‑55
 (2) Family trust distribution tax under section 271‑55 is due and payable at the end of 21 days after the end of the period or further period mentioned in subsection (5), (6) or (7), as the case requires, of