This content is restricted.
Brief
The Taxation (Trustee Beneficiary Non-disclosure Tax) Act (No. 1) 2007 is an Act of the Australian Parliament that imposes a tax on trustee beneficiary non-disclosure. The Act consists of four sections: Short title, Commencement, Imposition of trustee beneficiary non-disclosure tax, and Rate of trustee beneficiary non-disclosure tax.
The Act imposes a tax on the amount mentioned in paragraph 102UK(2)(a) of the Income Tax Assessment Act 1936. The rate of tax is 47%, and a temporary budget repair levy is also applicable.
The Act was amended by the Taxation (Trustee Beneficiary Non-disclosure Tax) (DisabilityCare Australia) Act 2013 and the Taxation (Trustee Beneficiary Non-disclosure Tax) (Temporary Budget Repair Levy) Act 2014. The amendments are reflected in the endnotes of the Act.
The Act is compiled as of June 25, 2014, and includes amendments up to Act No. 54 of 2014. The compilation provides a summary of the Act's provisions, as well as information on its history and amendments.
Highlights content goes here...
This content is restricted.
RADA.AI
Hello! I'm RADA.AI - Regulatory Analysis and Decision Assistance. Your Intelligent guide for compliance and decision-making. How can i assist you today?
Suggested
