Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 (8 of 2022)

Schedule 5   Corporate collective investment vehicles: tax framework

Part 2   Consequential amendments

Income Tax Assessment Act 1997

10   Subsection 995-1(1)

Insert:

asset , of a *sub-fund of a *CCIV, means any of the assets of the sub-fund, ascertained in accordance with Subdivision B of Division 3 of Part 8B.5 of the Corporations Act 2001.

beneficiary , of a *CCIV sub-fund trust, means a *member of the *sub-fund who is taken because of subsection 195-110(1) to be a beneficiary of the trust.

CCIV : see corporate collective investment vehicle .

CCIV sub-fund trust has the meaning given by subsection 195-110(2).

corporate collective investment vehicle or CCIV has the same meaning as in the Corporations Act 2001.