Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-10
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FINANCIAL TRANSACTIONS
Division 235
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Particular financial transactions
Subdivision 235-I
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Instalment trusts
Operative provisions
SECTION 235-825
Meaning of
instalment trust
and
instalment trust asset
235-825(1)
A trust is an instalment trust if:
(a) the trust is covered by section 235-830 (about instalment trust arrangements) and satisfies the requirements in section 235-835 (about requirements for underlying investments to be listed or widely held); or
(b) the trust is covered by section 235-840 (about limited recourse borrowings by *regulated superannuation funds). 235-825(2)
An instalment trust asset is an asset that is, or is part of, the underlying investment of an *instalment trust (as mentioned in section 235-830 or 235-840 , as the case requires).
View history note
Hide history noteA trust is an instalment trust if:
(a) the trust is covered by section 235-830 (about instalment trust arrangements) and satisfies the requirements in section 235-835 (about requirements for underlying investments to be listed or widely held); or
(b) the trust is covered by section 235-840 (about limited recourse borrowings by *regulated superannuation funds). 235-825(2)
An instalment trust asset is an asset that is, or is part of, the underlying investment of an *instalment trust (as mentioned in section 235-830 or 235-840 , as the case requires).
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