INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 6AAA - Special provisions relating to non-resident trust estates etc.  

Subdivision C - Winding-up of non-resident trust estates in existence on 12 April 1989  

SECTION 102AAR  

102AAR   WHEN TRUST ESTATE IS TAKEN TO BE COMPLETELY WOUND UP  
For the purposes of this Subdivision, a trust estate is not taken to be completely wound up as at a particular time unless:

(a) all of the liabilities of the trust estate are discharged before that time; and

(b) all of the property of the trust estate is distributed to the beneficiaries of the trust estate before that time.

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