INCOME TAX ASSESSMENT ACT 1936 - SECT 251T Medicare levy (other than Medicare levy surcharge) not payable by prescribed persons or by certain trustees

INCOME TAX ASSESSMENT ACT 1936 - SECT 251T

    Notwithstanding anything contained in section   251S, Medicare levy (other than an increase in the levy payable under section   8B, 8C, 8D, 8E, 8F or 8G of the Medicare Levy Act 1986 ) is not payable by:

  (a)   a person (not being a person in the capacity of a trustee) who was a prescribed person during the whole of the year of income; or

  (c)   a person in the capacity of a trustee of a trust, in respect of a share of the net income of the trust estate of the year of income (being a share to which a beneficiary who was a prescribed person during the whole of the year of income is presently entitled) in respect of which the trustee is required to be assessed in pursuance of section   98.