Section 251VA — Income Tax Assessment Act 1936: Subsection 251U(3) not to apply for Medicare levy surcharge

(1) This section applies to a person, whether or not the person is a person to whom section 251V applies, during a period if, apart from this section, the person would be taken under subsection 251U(3) to be a prescribed person during one-half of the period. (2) For the purposes of working out the amount of the increase in the Medicare levy (if any) payable by: (a) the person under section 8B, 8C or 8D of the Medicare Levy Act 1986; or (b) a trustee under section 8E, 8F or 8G of that Act in relation to a share of the net income of the trust estate to which the person is presently entitled; the person is taken not to be a prescribed person during the whole of the period.