Private ruling: Australian Managed Investment Trusts (MIT)
Date of advice: 12 December 2019
Published: February 2020

Ruling: Q1: Will Trust X or any of its Sub-Trusts be considered a trading trust in accordance with section 102N of the ITAA 1936? | A1: No. | Q2: Is Trust X a widely-held entity pursuant to paragraph 275-10(3)(e) of the ITAA 1997? | A2: Yes.