Income Tax (Managed Investment Trust Transitional) Act 2008

SECTION 1  

1   Short title  
This Act may be cited as the Income Tax (Managed Investment Trust Transitional) Act 2008.

SECTION 2  

2   Commencement  
This Act commences on the day on which it receives the Royal Assent.

SECTION 3  

3   Imposition of tax  
The tax known as income tax, to the extent that that tax is payable by an entity in accordance with section 840-805 of the Income Tax (Transitional Provisions) Act 1997, is imposed on amounts to which that section applies.

SECTION 4  

4   Rate of tax  
The rate of income tax imposed by this Act is 22.5%.