Income Tax Assessment Act 1936
If there is a change in ownership or control of a trust or an abnormal trading in its units, it:
This will not be the case if the trust is an excepted trust. However, if it became one by making a family trust election, a special tax may be payable on certain distributions and other amounts.
If a trust is involved in a scheme to take advantage of deductions, it may be prevented from making full use of them.