Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)
Schedule 6 Consequential amendments
Income Tax Assessment Act 1936
8 Subsection 100AA(7)
Repeal the subsection, substitute:
(7) This section does not apply in relation to a trust estate that is a managed investment trust (within the meaning of the Income Tax Assessment Act 1997) in relation to a year of income.