Income Tax Assessment Act 1997
An *AMIT for an income year must give each *member of the AMIT in respect of the income year an *AMMA statement for the income year.
The statement must be given no later than 3 months after the end of the income year. 276-455(3)
However, the *AMIT need not give an *AMMA statement under subsection (1) to a *member if:
(a) all of the member ' s *determined member components for the AMIT for the income year are nil; and
(b) all of the member ' s *membership interests in the AMIT have an *AMIT cost base net amount for the income year of nil. 276-455(4)
To avoid doubt, the *AMIT does not fail to comply with subsection (1) merely because:
(a) the AMIT gives *AMMA statements for the income year to *members in accordance with subsection (1) by the time required under subsection (2); and
(b) after that time, the AMIT gives those members further AMMA statements for the income year that replace the AMMA statements mentioned in paragraph (a).
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