Commonwealth Consolidated Acts Commonwealth Consolidated ActsA trust described in an item of the table must meet the requirements specified in the item to be able to be a * subsidiary member of a * consolidated group or a * consolidatable group at a time in an income year:
Australian residence requirements for trusts | ||
Item | A trust of this kind: | Can be a member of a consolidated group or consolidatable group only if these requirements are met: |
1 | A trust (except a unit trust) | The trust must be a resident trust estate for the income year for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 |
2 | A unit trust (except a * public trading trust for the income year) | The trust must be: (a) a resident trust estate for the income year for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 ; and (b) a * resident trust for CGT purposes for the income year |
3 | A * public trading trust for the income year | The trust must be a * resident unit trust for the income year |