Document ID: chunk:federal_register_of_legislation:C2004A00897:clause:1_2
Version: federal_register_of_legislation:C2004A00897
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 186675–187651

2                                                                            Subsections 350(6) and (7)                                                                                                           The subsections do not apply

Associate interest in a trust

 (6) An associate interest that an entity holds in a trust at a particular time is the percentage of the direct control interest (if any) that the entity holds in the trust at that time under the provisions applied by subsection (7).

 (7) For the purposes of subsection (6), provisions of Part X of the Income Tax Assessment Act 1936 are applied with the modifications set out in the following table:

Modifications of provisions in Part X of the Income Tax Assessment Act 1936
Item                                                                         Provisions                                                                                                                           Modifications