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INCOME TAX LAWS AMENDMENT ACT 1980 No. 19 of 1980 - SECT 10
Beneficiary not under any legal disability
10. (1) Section 97 of the Principal Act is amended by adding at the end
thereof the following sub-section:
"(2) A reference in this section to income of a trust estate to which a
beneficiary is presently entitled shall, except in the case of a beneficiary
to whom sub-section (1) or (1A) of section 97A applies in relation to the year
of income, be read as not including a reference to any of the income of the
trust estate to which a beneficiary is deemed to be presently entitled by
virtue of the operation of sub-section (2) of section 95A.".
(2) The amendment made by sub-section (1) applies to assessments in respect of
income of the year of income that commenced on 1 July 1979 and in respect of
income of all subsequent years of income.
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