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.