Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2f:p68
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2F (pt 68/79)
Character Range: 2370955–2373639

revoked under subsection (5A)—at all times from the election commencement time to the end of the income year immediately prior to the income year from which the revocation is to be effective (see subsection (6)); or
 (c) if the family trust election to which it relates is revoked under subsection 272‑80(6)—at all times from the election commencement time until the later time specified in that revocation; or
 (d) if the family trust election to which it relates is revoked under subsection 272‑80(6A)—at all times from the election commencement time to the end of the income year immediately prior to the income year from which the family trust revocation is to be effective (see subsection 272‑80(8)).

Election commencement time
 (6B) The election commencement time is:
 (a) if the company, partnership or trust does not pass the family control test at all times in the specified income year—the later of:
 (i) the beginning of the specified day; and
 (ii) the earliest time from which the company, partnership or trust does pass the family control test for the remainder of the specified income year; or
 (b) in any other case—the beginning of the specified day.

Restriction on multiple elections
 (7) The company, partners or trustee must not make an election under this section that the company, partnership or trust is to be included in the family group of the individual specified in the family trust election in respect of more than one trust, unless the individual specified in each of the family trust elections is the same.
 (8) For the purposes of subsection (7) disregard an election that has been revoked under subsection (5A) or (5B).

272‑87  Passing the family control test

Trusts
 (1) A trust in respect of which a family trust election or an interposed entity election is proposed to be made passes the family control test if:
 (a) the requirement in any of the paragraphs of subsection (2) is satisfied in relation to a group consisting of:
 (i) the individual (the primary individual) who is to be specified in the family trust election or, in the case of an interposed entity election, who is specified in the family trust election to which the interposed entity election will relate; or
 (ii) one or more members of the primary individual's family (see section 272‑95); or
 (iii) the primary individual and one or more members of the primary individual's family; or
 (b) the requirement in any of paragraphs (a) to (e) of subsection (2) is satisfied in relation to a group consisting of a person or persons covered by subparagraph (a)(i), (ii) or (iii) of this subsection and one or more legal or financial advisers to the primary individual or to a member