House of Representatives

Income Tax (Attribution Managed Investment Trusts - Offsets) Bill 2015

Income Tax (Attribution Managed Investment Trusts - Offsets) Act 2016

Income Tax Rates Amendment (Managed Investment Trusts) Bill 2015

Medicare Levy Amendment (Attribution Managed Investment Trusts) Bill 2015

Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015

Explanatory Memorandum

(Circulated by the authority of the Minister for Small Business and Assistant Treasurer, the Hon Kelly O'Dwyer MP)

Chapter 11 - Statement of Compatibility with Human Rights

Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011

A New Tax System for Managed Investment Trusts

11.1 The Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 and the supporting Bills are compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.

Overview

11.2 The Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 and the supporting Bills amend the Income Tax Assessment Act 1997, the Taxation Administration Act 1953 and associated Acts to introduce a new tax system for managed investment trusts.

Human rights implications

11.3 This Bill does not engage any of the applicable rights or freedoms.

Conclusion

11.4 This Bill is compatible with human rights as it does not raise any human rights issues.


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