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 269-45   269-45   TIME AT WHICH TRUSTEE TO HAVE KNOWLEDGE OR SUSPICION  


For the purposes of section 269-20 , 269-30 or 269-40 , the trustee must have the knowledge or reasonable suspicion mentioned in that section:


(a) if the section is being applied in determining for the purposes of section 268-20 whether an abnormal trading occurred - at some time during the income year mentioned in that section; or


(b) if it is being applied in determining for the purposes of any other provision whether an abnormal trading occurred during a period - at some time during the period.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.