INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIAA - FRANKING OF DIVIDENDS  

Division 7A - Application of Part in relation to trusts that are treated as companies  

Subdivision A - General modifications  

SECTION 160ARDA   GENERAL APPLICATION OF PART IN RELATION TO CORPORATE TRUST ESTATES  

160ARDA(1)   [Object]  

The object of this Division is to provide for the application of this Part in relation to corporate trust estates and current corporate trusts.

160ARDA(2)   [Interpretation]  

In this Part, unless the contrary intention appears:

(a) a reference to a company includes a reference to a corporate trust estate or, as the context requires, to the trustee of a corporate trust estate;

(b) a reference to a shareholder includes a reference to a unitholder;

(c) a reference to a share includes a reference to a unit;

(d) a reference to a dividend includes a reference to a corporate trust dividend; and

(e) a reference to a contract of the kind known as a ``cum-dividend'' contract includes a reference to a contract that, if a corporate trust estate were a company, would be a contract of the kind known as a ``cum-dividend'' contract.

160ARDA(3)   [Company as trustee]  

Section 160APB does not apply in relation to a corporate trust estate.