Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)
Schedule 1 Attribution managed investment trusts
Taxation Administration Act 1953
2 After subsection 286-75(2AA) in Schedule 1
(2AB) You are also liable to an administrative penalty if:
(a) you are required under section 276-455 of the Income Tax Assessment Act 1997 (AMMA statements) to give information to an entity (other than the Commissioner) by a particular day; and
(b) you do not give the information to the entity by that day.