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Edited version of private advice
Authorisation Number: 1051619918025
Date of advice: 12 December 2019
Ruling
Subject: Australian Managed Investment Trusts (MIT)
Question 1
Will Trust X or any of its Sub-Trusts be considered a trading trust in accordance with section 102N of the ITAA 1936?
Answer
No.
Question 2
Is Trust X a widely-held entity pursuant to paragraph 275-10(3)(e) of the ITAA 1997?
Answer
Yes.