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Edited version of your written advice
Authorisation Number: 1012741281990
Ruling
Subject: Division 6C of Part III of the Income Tax Assessment Act 1936 (ITAA 1936)
The Commissioner issued a ruling on the application of Division 6C of Part III of the ITAA 1936 to a Scheme.
Question 1
Will the events comprising the Scheme cause the Trust to be a public trading trust for the purpose of Division 6C of Part III of the ITAA 1936?
Answer
No.