Income Tax Assessment Act 1936
There must be no abnormal trading in the units of the trust during the test period.
To find out the meaning of abnormal trading : see Subdivision 269-B .266-165(2)
If there is abnormal trading on one or more occasions, then for each abnormal trading the trust must pass the 50% stake test in respect of the following times:
(a) the beginning of the test period;
(b) immediately after the abnormal trading.
To find out whether the trust passes the 50% stake test: see Subdivision 269-C .
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