Document ID: chunk:federal_register_of_legislation:C2016C00523:clause:2_95aab
Version: federal_register_of_legislation:C2016C00523
Segment Type: clause
Provision Reference: sch 2 cl 95AAB
Character Range: 17304–18250

95AAB  Adjustments under Subdivision 115‑C or 207‑B of the Income Tax Assessment Act 1997—references in this Act to assessable income under section 97, 98A or 100
 (1) Subsection (2) applies if an amount is included in the assessable income of a beneficiary of a trust estate because of Subdivision 115‑C or 207‑B of the Income Tax Assessment Act 1997.
 (2) For the purposes of a provision of this Act (other than a provision mentioned in subsection (3)), treat the amount as being included in the beneficiary's assessable income in relation to the net income of the trust estate under section 97, 98A or 100 (as the case requires).
 (3) The provisions are as follows:
 (a) sections 97, 98A (other than subsection 98A(2)) and 100 (other than subsections 100(2) and (3));
 (b) sections 98, 99 and 99A;
 (c) Subdivisions 115‑C and 207‑B of the Income Tax Assessment Act 1997.
 (4) To avoid doubt, subsection (2) applies despite subsection 6(1AA).