(1) This Subdivision applies to:
(a) the entity that has the beneficial interest in an * instalment trust asset as the beneficiary of an * instalment trust; and
(b) the trustee of the instalment trust.
(2) This Subdivision applies for the purposes of this Act, apart from:
(a) Part VA of the Income Tax Assessment Act 1936 (which is about tax file numbers); and
(b) Subdivisions 12-E, 12-F and 12-H in Schedule 1 to the Taxation Administration Act 1953 (which are about PAYG withholding).
(3) This Subdivision applies in relation to 2 or more entities that hold an interest in a trust as joint tenants, or as tenants in common, in the same way it applies in relation to a single entity that holds such an interest.
Note: Each investor that is treated by this Subdivision as jointly owning an instalment trust asset is treated for CGT purposes as owning a separate asset: see section 108-7.