New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 15 Value shifting
Part 5 Dictionary amendments
Income Tax Assessment Act 1997
40 Subsection 995-1(1) (definition of fixed trust )
Repeal the definition, substitute:
fixed trust : a trust is a fixed trust if entities have*fixed entitlements to all of the income and capital of the trust.
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