Document ID: chunk:federal_register_of_legislation:C2025C00014:section:78a:p8
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 78A (pt 8/17)
Character Range: 434908–438176

of transfer to be included in assessable income of transferor in certain cases
Division 6C—Income of certain public trading trusts
102M Interpretation
102MA Arrangements not covered
102MB Investing in land
102MC When trading business not carried on
102MD Exempt institution that is eligible for a refund not treated as exempt entity
102N Trading trusts
102NA Certain interposed trusts not trading trusts
102P Public unit trusts
102Q Resident unit trusts
102R Public trading trusts
102S Taxation of net income of public trading trust
102T Modified application of Act in relation to certain unit trusts
Division 6D—Provisions relating to certain closely held trusts
Subdivision A—Overview
102UA What this Division is about
Subdivision B—Interpretation
102UB Definitions—general
102UC Closely held trust
102UD Trustee beneficiary
102UE Meaning of untaxed part
102UG Correct TB statement
102UH TB statement period
102UI Tax‑preferred amount
102UJ Extended concept of present entitlement to capital of a trust
Subdivision C—Trustee beneficiary non‑disclosure tax on share of net income
102UK Trustee beneficiary non‑disclosure tax where no correct TB statement
102UL Exclusion of directors of closely held trust from liability to pay tax
102UM Trustee beneficiary non‑disclosure tax where share is distributed to trustee of closely held trust
Subdivision D—Payment etc. of trustee beneficiary non‑disclosure tax
102UN Amount of trustee beneficiary non‑disclosure tax reduced by notional tax offset
102UO Payment of trustee beneficiary non‑disclosure tax
102UP Late payment of trustee beneficiary non‑disclosure tax
102UR Notice of liability
102URA Request for notice of liability
102USA Recovery of trustee beneficiary non‑disclosure tax from trustee beneficiaries providing incorrect information etc. to head trustee
Subdivision E—Making correct TB statement about trustee beneficiaries of tax‑preferred amounts
102UT Requirement to make correct TB statement about trustee beneficiaries of tax‑preferred amounts
Subdivision F—Special provisions about tax file numbers
102UU Trustee beneficiary may quote tax file number to trustee of closely held trust
102UV Trustee of closely held trust may record etc. tax file number
Division 6E—Adjustment of Division 6 assessable amount in relation to capital gains, franked distributions and franking credits
102UW Application of Division
102UX Adjustment of Division 6 assessable amount in relation to capital gains, franked distributions and franking credits
102UY Interpretation
Division 7—Private companies
102V Application of Division to non‑share dividends
103 Interpretation
103A Private companies
109 Excessive payments to shareholders, directors and associates deemed to be dividends
Division 7A—Distributions to entities connected with a private company
Subdivision A—Overview of this Division
109B Simplified outline of this Division
Subdivision AA—Application of Division
109BA Application of Division to non‑share dividends
109BB Application of Division to closely‑held corporate limited partnerships
109BC Application of Division to non‑resident companies
Subdivision B—Private company payments, loans and debt forgiveness are treated as dividends
109C Payments treated as dividends
109CA Payment includes provision of