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Income Tax Rates Act 1986
27Rates of tax payable by trustees of approved deposit funds
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27 Rates of tax payable by trustees of approved deposit funds
(1) The rates of tax payable by a trustee of a complying ADF in respect of the taxable income of the fund are: (a) in respect of the low tax component—15%; and (b) in respect of the non‑arm’s length component—45%. (2) The rate of tax payable by a trustee of a non‑complying ADF in respect of the taxable income of the fund is 45%.