Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 (8 of 2022)
Schedule 5 Corporate collective investment vehicles: tax framework
Part 2 Consequential amendments
Income Tax Assessment Act 1997
10 Subsection 995-1(1)
Insert:
asset , of a *sub-fund of a *CCIV, means any of the assets of the sub-fund, ascertained in accordance with Subdivision B of Division 3 of Part 8B.5 of the Corporations Act 2001.
beneficiary , of a *CCIV sub-fund trust, means a *member of the *sub-fund who is taken because of subsection 195-110(1) to be a beneficiary of the trust.
CCIV : see corporate collective investment vehicle .
CCIV sub-fund trust has the meaning given by subsection 195-110(2).
corporate collective investment vehicle or CCIV has the same meaning as in the Corporations Act 2001.