New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)

Schedule 15   Value shifting

Part 5   Dictionary amendments

Income Tax Assessment Act 1997

40   Subsection 995-1(1) (definition of fixed trust )

Repeal the definition, substitute:

fixed trust : a trust is a fixed trust if entities have*fixed entitlements to all of the income and capital of the trust.