Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC groups  

Subdivision 719-B - MEC groups and their members  

Basic concepts

SECTION 719-35   Treating entities held through non-fixed trusts as wholly-owned subsidiaries  

719-35(1)    
This section operates to ensure that an entity (the test entity ) is not prevented from being a ^* wholly-owned subsidiary of a company, just because there is a trust that is not a ^* fixed trust interposed between the test entity and the company.

719-35(2)    
For the purposes of this Division, in determining whether the test entity is a ^* wholly-owned subsidiary of the company, assume that the interposed trust is a ^* fixed trust and all its objects are beneficiaries.