Private ruling: Trusts: Division 6B of the Income Tax Assessment Act 1936
Published: February 2014

Ruling: The ruling concerned the following: | 1. Is the trust an 'eligible unit trust' as defined in section 102F of the Income Tax Assessment Act 1936 (ITAA 1936)? | 2. If the answer to Question 1 is positive, will the trust a 'public unit trust' as defined in section 102G of the ITAA 1936 if it is wholly owned through interposed trusts by a superannuation fund (resident or non-resident) that has greater than fifty members? | The Commissioner ruled that: | 1. No. The trust is not an 'eligible unit trust' as defined in section 102F of the ITAA 1936. | 2. Since the answer to Question 1 is not positive, this question is not applicable.