Income Tax Assessment Act 1997



Division 276 - Australian managed investment trusts: attribution managed investment trusts  

Subdivision 276-H - AMMA statements  

Operative provisions

SECTION 276-460   AMIT member annual statement (or AMMA statement )  

An AMIT member annual statement (or AMMA statement ) is a statement made by an *AMIT for an income year in accordance with this section.

The statement must:

(a) include information that reflects the amount and character of each *member component of the *member for the income year; and

(b) state what the trustee reasonably estimates to be the amount of the excess or shortfall mentioned in section 104-107C (AMIT cost base net amount) for the income year in respect of the *CGT asset that is the member ' s unit or interest in the *AMIT.

The statement is not an AMMA statement if the *AMIT fails to give it to the *member to whom it is addressed within 4 years after the end of the income year.


The AMIT must give each member an AMMA statement for the income year no later than 3 months after the end of the income year (see section 276-455 ).


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