The following examples will help you self-assess whether your entity – such as a Managed investment trust (MIT), Attribution managed investment trust (AMIT), or Corporate collective investment vehicle (CCIV) – needs to lodge a reportable tax position (RTP) schedule.
For entities such as the above, we use modified total business income (TBI) that consists of gross income including gross capital gains. For the 2025–26 income year, the threshold for lodgement is $250 million.
Example: TBI based on distributions received
Trust A is an AMIT that holds all the shares in companies B and C (both Australian residents), and all the units in Trust D. Trust A received the following distributions during the year:
- $150 million in unfranked dividends from Company B
- $60 million in franked dividends from Company C
- $300 million distribution from Trust D (Note: Trust D is an ordinary trust for the income year because it failed to meet the eligibility requirements to be a MIT).
Trust A is required to lodge an RTP schedule because its TBI exceeds the $250 million threshold. Trust A's TBI is calculated by including dividends received from Companies B and C, as well as distributions from Trust D.
Trust D exceeds the threshold and is required to lodge an RTP schedule only in the first year it failed eligibility requirements (i.e. the transition year). Although it is an ordinary trust for the current income year, it has previously been a MIT and therefore falls within the type of trust required to lodge an RTP schedule if its total business income and gross capital gains exceed the threshold.
End of example
Return to: Section D: Declaration and signature – CIVs