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Withholding obligations

Last updated 26 June 2023

Instructions and information for withholding obligations and completing the tax return.

Deemed payments

An AMIT that is a withholding MIT may be treated as having made deemed payments to members in respect of an income year. Where some or all of a deemed payment is either a fund payment or an AMIT DIR payment, the trustee of the AMIT may need to pay an amount to the Commissioner.

Total deemed AMIT DIR payments

Enter the total amount of the deemed payments in respect of the income year that are an AMIT DIR payment and in relation to which the trustee is required to pay an amount to the Commissioner under section 12A-215 of Schedule 1 to the TAA (as determined by paragraph 12A-215(2)(b)). Do not include any part of a deemed payment for which the trustee is not required to pay an amount to the Commissioner.

If the trustee is not required to pay any amount to the Commissioner under section 12A-215 in respect of that part of the deemed payment that is an AMIT DIR payment, enter 0.

A deemed payment will not arise if the AMIT is not a 'withholding MIT' (section 12-383 of Schedule 1 to the TAA).

Total deemed fund payments

Enter the total amount of the deemed payments in respect of the income year that are a fund payment and in relation to which the trustee is required to pay an amount to the Commissioner under section 12A-215 of Schedule 1 to the TAA (as determined by paragraph 12A-215(2)(a)). Do not include any part of a deemed payment for which the trustee is not required to pay an amount to the Commissioner.

If the trustee is not required to pay any amount to the Commissioner under section 12A-215 in respect of that part of the deemed payment that is a fund payment, enter 0.

A deemed payment will not arise if the AMIT is not a 'withholding MIT' (section 12-383 of Schedule 1 to the TAA).

For more information about making a choice to treat each of the classes of membership interests as a separate AMIT, see LCR 2015/5 Attribution Managed Investment Trusts: choice to treat separate classes as separate AMITs

Continue to: Debt-like trust instruments - Subdivision 276-J

QC72709