Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A trust is an instalment trust if:
(a) the trust is covered by section 235 - 830 (about instalment trust arrangements) and satisfies the requirements in section 235 - 835 (about requirements for underlying investments to be listed or widely held); or
(b) the trust is covered by section 235 - 840 (about limited recourse borrowings by * regulated superannuation funds).
(2) An instalment trust asset is an asset that is, or is part
of, the underlying investment of an * instalment trust (as mentioned in
section 235 - 830 or 235 - 840, as the case requires).