Income Tax Assessment Act 1936

SCHEDULE 2F - TRUST LOSSES AND OTHER DEDUCTIONS  

Division 269 - Concepts and tests applied in Divisions 266 and 267  

Subdivision 269-B - Abnormal trading  

SECTION 269-35   ABNORMAL TRADING - 20% OF UNITS TRADED, ISSUED OR REDEEMED OVER 60 DAY PERIOD  

269-35(1)    
There is an abnormal trading in units in a unit trust (other than a wholesale widely held trust) if more than 20% of the units on issue at the end of any 60 day period were traded during the period.

269-35(2)    
For the purposes of other provisions of this Schedule, the abnormal trading occurs at the end of the 60 day period.