Income Tax Assessment Act 1936

SCHEDULE 2F - TRUST LOSSES AND OTHER DEDUCTIONS  

Division 269 - Concepts and tests applied in Divisions 266 and 267  

Subdivision 269-B - Abnormal trading  

SECTION 269-15   ABNORMAL TRADING - GENERAL  

269-15(1)    
There is an abnormal trading in units in a unit trust if there is a trading in the units that is abnormal having regard to all relevant factors, including:

(a) the timing of the trading, when compared to the normal timing for trading in its units; and

(b) the number of units traded, when compared to the normal number of units traded; and

(c) any connection between the trading and any other trading in units in the trust; and

(d) any connection between the trading and a tax loss or other deduction of the trust.

269-15(2)    
There may also be an abnormal trading under any of the following provisions.