Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)

Schedule 3   Withholding MITs and fund payments

Income Tax Assessment Act 1997

4   At the end of section 840-815


(2) Subsection (1) does not apply to an Australian resident to the extent that:

(a) *managed investment trust withholding tax is payable on the amount because of subsection 840-805(4D); and

(b) the Australian resident is entitled, directly or indirectly, to the amount.