Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 7   Amendments relating to short-term asset sales

Sub-Division C   Consequential amendments

71   Interpretation

Section 124ZF of the Principal Act is amended by omitting from subsection (1) the definition of "private trust estate" and substituting the following definition:

" 'private trust estate' means a trust estate, other than a unit trust whose units are:

(a) listed for quotation in the official list of a stock exchange in Australia or elsewhere; or

(b) ordinarily available for subscription or purchase by the public;".