Document ID: chunk:federal_register_of_legislation:C2025C00014:section:102r:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 102R (pt 2/2)
Character Range: 853541–854261

the year of income in which 19 September 1985 occurred had ended on that date, the unit trust would not have been a public unit trust in relation to that year of income; and
 (c) the Commissioner is satisfied that, at no time on or before that date, was it the intention of the trustee of the unit trust that the unit trust would become a public unit trust in relation to a year of income;
the unit trust shall be taken, for the purposes of this section, to have been established after 19 September 1985.
 (5) In determining whether a unit trust is a public trading trust under this section, disregard any interest that the trust has that is disregarded under subsection 275‑10(4A) of the Income Tax Assessment Act 1997.