Document ID: chunk:federal_register_of_legislation:C2004A00645:clause:1_2
Version: federal_register_of_legislation:C2004A00645
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 1429–2077

2  At the end of section 15
Add:

Special rule if person's spouse is a presently entitled beneficiary in a trust estate

 (2) In working out whether subsection (1) applies to a person whose spouse is a beneficiary presently entitled to a share in the net income of a trust estate in respect of which the trustee is liable to be assessed under section 98 of the Assessment Act, assume that:
 (a) the spouse's taxable income included that share; and
 (b) subsection 271‑105(1) in Schedule 2F to that Act did not apply in working out the net income of the trust estate.

Note: Insert before subsection 15(1) the heading "When this section applies".