Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 276.110

  (1)   This section applies if a trustee is assessed and liable to pay income tax under section   276 - 105 in respect of a * member because of paragraph   276 - 105(2)(a) or (b).

  (2)   The * member is entitled to a * tax offset for the income year equal to the tax paid by the trustee in accordance with subsection   276 - 105(2).

Note:   The tax offset is subject to the refundable tax offset rules: see section   67 - 23.