Income Tax Assessment Act 1936
View history note
Hide history noteThe trust is taken for the purposes of section 269-60 not to have distributed, directly or indirectly to an individual, and for the individual ' s own benefit, a share of a test year distribution of income or capital of the trust if the condition in subsection (2) is met.
269-85(2)
The condition is that an arrangement was entered into where:
(a) the arrangement in some way (directly or indirectly) related to, affected or depended for its operation on the share or its value; and
(b) the purpose, or one of the purposes, of the arrangement was to ensure that the trust would meet the condition in subsection 267-30(2) .
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