Section Sch1-6 — Income Tax Act 2007: Taxable income: trustees of certain funds

6 Taxable income: trustees of certain funds To the extent to which a trustee does not have a basic rate under clause 4 or 5 , the basic rate of income tax on each dollar of taxable income is 0.28 if the income is of a trustee of— (a) an approved unit trust to which the Income Tax Act (Exempt Unit Trusts) Order 1990 applies: (b) a widely-held GIF: (c) a widely-held superannuation fund. Schedule 1 part A clause 6 heading: inserted, on 1 April 2008, by section 554(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Schedule 1 part A clause 6: amended, on 1 April 2011 (applying for the 2011–12 and later income years), by section 97(3) of the Taxation (Budget Measures) Act 2010 (2010 No 27).