Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 125 - Demerger relief  

Subdivision 125-D - Public trading trusts  

Operative provisions

SECTION 125-230  

125-230   Application of Division to public trading trusts  

This Division applies to a trust to which section 102S of the Income Tax Assessment Act 1936 applies for an income year in which a *demerger happens as if:

(a) the trust were a company; and

(b) *ownership interests in it were interests in a company.