Document ID: chunk:federal_register_of_legislation:C2025C00014:section:338
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 338
Character Range: 1899085–1899670

338  Australian trust
  For the purposes of this Part, a trust is an Australian trust at a particular time (in this section called the test time) if:
 (a) at any time in the period of 12 months immediately before the test time:
 (i) any trustee of the trust was a Part X Australian resident; or
 (ii) the central management and control of the trust was in Australia; or
 (b) the trust is a public trading trust for the purposes of Division 6C of Part III, in relation to the year of income of the trust in which the test time occurs.

Subdivision B—Controlled foreign entities (CFEs)