Private ruling: Managed investment trust
Date of advice: 1 October 2015
Published: November 2015

Ruling: Q1: Is Entity A covered by subsection 12-402(3) of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953)? | A1: Yes

Relevant facts and circumstances: Entity A is a non-resident entity planning on acquiring an asset in Australia.

Relevant legislative provisions: Taxation Administration Act 1953 subsection 12-402(3) of Schedule 1

Reasons for decision: Summary: As Entity A met all the requirements of subsection 12-402(3) of Schedule 1 to the TAA 1935, the Commissioner considers that Entity A is an entity that is covered by subsection 12-402(3) of Schedule 1 to the TAA 1953.