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Edited version of administratively binding advice
Authorisation Number: 1011700709189
This edited version of your advice will be published in the public Register of private binding rulings after 28 days from the issue date of the advice. The attached Tax Office advice fact sheet has more information.
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Subject: Eligible investment business
Question
Are the proposed activities of the entity wholly eligible investment business as defined under section 102M of the Income Tax Assessment Act 1936 (ITAA 1936)?
The following advice was provided
No, the activities of the entity are not wholly within the scope of eligible investment business as defined under section 102M of the ITAA 1936.