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Edited version of private advice
Authorisation Number: 1052225438464
Date of advice: 26 February 2024
Ruling
Subject: Employee share trust (EST)
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following summary is provided:
Issue
Whether an activity, in itself, will cause a trust to not satisfy the requirements as an EST under subsection 130-85(4) of the Income Tax Assessment Act 1997 (ITAA 1997)?
Answer
No. The activity, in itself, will not cause a trust to not satisfy the requirements as an EST under subsection 130-85(4) of the ITAA 1997.