Tax Laws Amendment (2011 Measures No. 7) Act 2011 (147 of 2011)

Schedule 8   Ancillary funds

Part 1   Public ancillary funds

Division 1   Main amendment

Taxation Administration Act 1953

20   Subparagraph 426-120(2)(b)(ii) in Schedule 1

Omit "not a registered trustee company", substitute "neither a licensed trustee company (within the meaning of Chapter 5D of the Corporations Act 2001) nor the Public Trustee of a State or Territory".