Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)
Part 2 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 7 Amendments relating to short-term asset sales
Sub-Division C Consequential amendments
71 Interpretation
Section 124ZF of the Principal Act is amended by omitting from subsection (1) the definition of "private trust estate" and substituting the following definition:
" 'private trust estate' means a trust estate, other than a unit trust whose units are:
(a) listed for quotation in the official list of a stock exchange in Australia or elsewhere; or
(b) ordinarily available for subscription or purchase by the public;".
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
