SPECIALIST LIABILITY RULES
PARTICULAR KINDS OF TRUSTS
Australian managed investment trusts: attribution managed investment trusts
s vested and indefeasible interest in share of income and capital of AMIT
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:
treat an *AMIT for an income year as a *fixed trust; and
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.