Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 6C - Income of certain public trading trusts  

SECTION 102Q   102Q   RESIDENT UNIT TRUSTS  


For the purposes of this Division, a unit trust is a resident unit trust in relation to a year of income if, at any time during the year of income:


(a) either of the following conditions was satisfied:


(i) any property of the unit trust was situated in Australia;

(ii) the trustee of the unit trust carried on business in Australia; and


(b) either of the following conditions was satisfied:


(i) the central management and control of the unit trust was in Australia;

(ii) a person who was a resident or persons who were residents held more than 50% of:

(A) the beneficial interests in the income of the unit trust; or

(B) the beneficial interests in the property of the unit trust.

 

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