30 Jun 10 Regs prescribe information relating to the TFN withholding for closely held trust provisions
Taxation Administration Amendment Regulations 2010 (No 3) was made on 29 June 2010 and registered on the Federal Register of Legislative Instruments on 30 June 2010 as Select Legislative Instrument 2010 No 189.
These Regulations amend the Taxation Administration Regulations 1976 to prescribe information relating to the TFN withholding for closely held trust provisions in Subdivision 12-E in Schedule 1 to the Taxation Administration Act 1953. The Regulations prescribe, amongst other things, the withholding rate and threshold for payments and the classes of trusts that will be excluded from the withholding obligations
For a copy of the Explanatory Statement, click on ES/Supp Material