Document ID: chunk:federal_register_of_legislation:C2015C00295:clause:3_16
Version: federal_register_of_legislation:C2015C00295
Segment Type: clause
Provision Reference: sch 3 cl 16
Character Range: 10586–11378

16  Subsection 160AAA(4A)
Repeal the subsection, substitute:
 (4A) If, apart from this subsection:
 (a) the taxpayer would be entitled in his or her assessment in respect of income of a year of income to a rebate of tax under this section; and
 (b) the taxpayer is the beneficiary of a trust; and
 (c) the trustee of the trust is entitled to a rebate of tax for the year of income under section 160AAAB in respect of the taxpayer;
then:
 (d) if the amounts of the rebates are the same, or the amount of the rebate under this section is the lesser amount—the taxpayer is not entitled to the rebate under this section; or
 (e) if the amount of the rebate under this section is the greater amount—the trustee is not entitled to the rebate under section 160AAAB.

Income Tax Assessment Act 1997