Commonwealth Consolidated Acts Commonwealth Consolidated ActsA trust described in an item of the table must meet the requirements specified in the item to be able to be a * subsidiary member of a * consolidated group or a * consolidatable group at a time in an income year:
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Australian residence requirements for trusts | ||
| Item | A trust of this kind: |
Can be a member of a consolidated group or consolidatable group only if these requirements are met: |
| 1 | A trust (except a unit trust) | The trust must be a resident trust estate for the income year for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 |
| 2 |
A unit trust (except a * corporate unit trust or a * public trading trust for the income year) | The trust must be: (a) a resident trust estate for the income year for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 ; and (b) a * resident trust for CGT purposes for the income year |
| 3 | A * corporate unit trust or a * public trading trust for the income year | The trust must be a resident unit trust (as defined in whichever one of sections 102H and 102Q of the Income Tax Assessment Act 1936 is relevant) for the income year |