Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)
Schedule 5 20% tracing rule and repeal of Division 6B
Part 3 Amendments consequential on the repeal of Division 6B
Income Tax Rates Act 1986
69 Subsection 3(1) (definition of prescribed unit trust)
Repeal the definition, substitute:
prescribed unit trust , in relation to a year of income, means a trust estate that is a public trading trust in relation to the year of income.
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