Document ID: chunk:federal_register_of_legislation:C2025C00014:section:99:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 99 (pt 2/2)
Character Range: 657504–658169

if it were the income of an individual and were not subject to any deduction.
 (5) Where there is a part of the net income of a trust estate that is not a resident trust estate:
 (a) that is attributable to sources in Australia;
 (b) that is not included in the assessable income of a beneficiary of the trust estate in pursuance of section 97; and
 (c) in respect of which the trustee of the trust estate is not assessed and is not liable to pay tax in pursuance of section 98;
the trustee shall be assessed and is liable to pay tax on that part of the net income of the trust estate as if it were the income of an individual and were not subject to any deduction.