Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:10_129
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 10 cl 129
Character Range: 974510–975168

129  Subsection 995‑1(1)
Insert:

resident trust for CGT purposes: a trust is a resident trust for CGT purposes for an income year if, at any time during the income year:

 (a) for a trust that is not a unit trust, the trustee is an Australian resident or the central management and control of the trust is in Australia; or

 (b) for a unit trust, one of the requirements in column 2 and one of the requirements in column 3 of this table are satisfied.

Requirements for unit trust
                             One of these requirements is satisfied
Item                                                                             And also one of these