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
There is an abnormal trading in units in a wholesale widely held trust during a period if the trustee knows or reasonably suspects that the same persons did not hold more than 50% of its units at the beginning and end of the period. 269-40(2)
For the purposes of other provisions of this Schedule, the abnormal trading occurs immediately before the end of the period.
Subdivision 269-B
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Abnormal trading
SECTION 269-40
ABNORMAL TRADING
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50% STAKE NOT MAINTAINED
269-40(1)
There is an abnormal trading in units in a wholesale widely held trust during a period if the trustee knows or reasonably suspects that the same persons did not hold more than 50% of its units at the beginning and end of the period. 269-40(2)
For the purposes of other provisions of this Schedule, the abnormal trading occurs immediately before the end of the period.
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