Tax Laws Amendment (2013 Measures No. 2) Act 2013 (124 of 2013)

Schedule 2   Incentives for designated infrastructure projects

Part 2   Consequential amendments

Income Tax Assessment Act 1936

18   Subsection 268-20(4) in Schedule 2F

Repeal the subsection, substitute:

(4) However, what would, apart from this subsection, be 2 or more successive periods are treated as a single period if:

(a) the trust is a listed widely held trust; and

(b) during all of the periods the trust passed the same business test in relation to the time immediately before the end of the first of the successive periods.