Statute
Section 102S — Income Tax Assessment Act 1936: Taxation of net income of public trading trust
Text of the provision Official document
The trustee of a unit trust that is a public trading trust in relation to a relevant year of income shall be assessed and is liable to pay tax on the net income of the public trading trust of the relevant year of income at the rate declared by the Parliament for the purposes of this section.
Official source: Federal Register of Legislation
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