Income Tax Assessment Act 1936
SCHEDULE 2F
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TRUST LOSSES AND OTHER DEDUCTIONS
Division 269
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Concepts and tests applied in Divisions 266 and 267
Subdivision 269-B
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Abnormal trading
SECTION 269-49
269-49
NO ABNORMAL TRADING WHERE PROPORTIONATE ISSUE OF UNITS
If the issue of units in a unit trust to existing unit holders does not cause each unit holder ' s proportion of the total fixed entitlements to shares of the income and capital of the trust to change, then, except for the purposes of section 269-20 , the issue is disregarded in determining whether there has been an abnormal trading in units in the unit trust.
View history note
Hide history noteIf the issue of units in a unit trust to existing unit holders does not cause each unit holder ' s proportion of the total fixed entitlements to shares of the income and capital of the trust to change, then, except for the purposes of section 269-20 , the issue is disregarded in determining whether there has been an abnormal trading in units in the unit trust.
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