Section 102Q — Income Tax Assessment Act 1936: Resident unit trusts

For the purposes of this Division, a unit trust is a resident unit trust in relation to a year of income if, at any time during the year of income: (a) either of the following conditions was satisfied: (i) any property of the unit trust was situated in Australia; (ii) the trustee of the unit trust carried on business in Australia; and (b) either of the following conditions was satisfied: (i) the central management and control of the unit trust was in Australia; (ii) a person who was a resident or persons who were residents held more than 50% of: (A) the beneficial interests in the income of the unit trust; or (B) the beneficial interests in the property of the unit trust.