INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-25 - PARTICULAR KINDS OF TRUSTS  

Division 276 - Australian managed investment trusts: attribution managed investment trusts  

Subdivision 276-B - Member ' s vested and indefeasible interest in share of income and capital of AMIT  

Operative provisions

SECTION 276-55   276-55   AMIT taken to be fixed trust and member taken to have vested and indefeasible interest in income and capital  


For the purposes of this Act:


(a) treat an *AMIT for an income year as a *fixed trust; and


(b) treat an entity that is a *member of the AMIT in respect of the income year as having a vested and indefeasible interest in a share of the income and capital of the AMIT throughout the income year.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.