Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 235 - Particular financial transactions  

Subdivision 235-I - Instalment trusts  

Operative provisions

SECTION 235-845   Interactions with other provisions  

235-845(1)    
Section 106-50 (about absolutely entitled beneficiaries) does not apply to an *instalment trust asset.

235-845(2)    
Section 106-60 (about securities, charges and encumbrances) does not apply to an *instalment trust asset.

235-845(3)    
Nothing in this Subdivision limits Division 247 (which is about capital protected borrowings).

Note:

Division 247 may apply to an arrangement to which this Subdivision applies.