Federal Register of Legislation - Australian Government

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2008/TPALS/004 Notices & Notifications as made
This instrument sets out a specified class of trustees of closely held trusts who will not be required to make a correct Trustee Beneficiary statement for the year of income ended 30 June 2008 (or approved period in lieu).
Administered by: Treasury
Registered 27 Jun 2008
Tabling HistoryDate
Tabled HR26-Aug-2008
Tabled Senate26-Aug-2008
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Lodgment of correct trustee beneficiary statements in accordance with the Income Tax Assessment Act 1936 for the year of income ended 30 June 2008 (or approved period in lieu)

 

I, Michael D’Ascenzo, Commissioner of Taxation, make the following Legislative Instrument regarding lodgment of correct TB statements for the year of income ended 30 June 2008 (or approved period in lieu) in accordance with the:

Income Tax Assessment Act 1936:

Section 18 and Section102UK.

Citation

This Instrument may be cited as ‘Lodgment of correct TB statements in accordance with the Income Tax Assessment Act 1936 for the year of income ended 30 June 2008 (or approved period in lieu)’.

 

Lodgment of correct TB statements

In accordance with subsection 102UK(1A) of the Income Tax Assessment Act 1936 (‘ITAA 1936’), I determine that trustees of closely held trusts in the class specified in Table A are not required to make a correct TB statement for the year of income ended 30 June 2008 (or approved periods in lieu).

In this Instrument, a reference to a ‘closely held trust’ means a closely held trust as defined in subsection 102UC(1) of the ITAA 1936.

In this Instrument, a reference to a ‘correct TB statement’ means a correct TB statement as defined in subsection 102UG(3) of the ITAA 1936.

In this Instrument, a reference to ‘year of income’ means a year of income ending on 30 June, or the approved accounting period in lieu where a trust or trustee has been granted leave by me to adopt a substituted accounting period.

 
TABLE A

Trustees of closely held trusts which have been granted leave by me to adopt an accounting period being a 12 month period ending between 23 September 2008 and 31 December 2008 in lieu of the year of income ended 30 June 2008.

 

 

(M D’Ascenzo)

Commissioner of Taxation

Dated this 24th day of June 2008