Income Tax Assessment Act 1997
View history note
Hide history noteA trust described in an item of the table must meet the requirements specified in the item to be able to be a * subsidiary member of a * consolidated group or a * consolidatable group at a time in an income year:
| Australian residence requirements for trusts | ||
| Item | A trust of this kind: | Can be a member of a consolidated group or consolidatable group only if these requirements are met: |
| 1 | A trust (except a unit trust) | The trust must be a resident trust estate for the income year for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 |
| 2 | A unit trust (except a *public trading trust for the income year) | The trust must be:
(a) a resident trust estate for the income year for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 ; and (b) a *resident trust for CGT purposes for the income year |
| 3 | A *public trading trust for the income year | The trust must be a *resident unit trust for the income year |
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