House of Representatives

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

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)


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
AMIT attribution managed investment trust
AMMA statement AMIT member annual statement
Board's Report Board of Taxation's Report on the Review of the Tax Arrangements Applying to Managed Investment Trusts in August 2009
CGT capital gains tax
DIR payment dividends, interest or royalties payment
FITO foreign income tax offset
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
MIT managed investment trust
PAYG Pay As You Go
TAA 1953 Taxation Administration Act 1953
TFN tax file number
TOFA Taxation of Financial Arrangements

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