Private ruling: Native Title benefits
Published: January 2014

Ruling: Issue. | The Commissioner was asked to rule on the following questions: | 1. Are the Native Title Payments derived by the Trust during the income years, native title benefits as that term is defined in subsection 59-50(5) of the Income Tax Assessment Act 1997 (ITAA 1997)? Yes | 2. Is the Trust an Indigenous holding entity as that term is defined in subsection 59-50(6) of the ITAA 1997, during the income years? No | 3. Will the establishment of the proposed Sub Fund result in the Trust constituting an Indigenous holding entity in respect of the Sub Fund for the income years? No