Treasury Laws Amendment (2018 Measures No. 5) Act 2019 (15 of 2019)

Schedule 1   AMIT technical amendments

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

37   After subitem 75(2) of Schedule 5

Insert:

(2A) However, subparagraph (2)(c)(v) does not apply unless the trust's franking account is in surplus immediately before the trust ceases to be a franking entity.