Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-25 - PARTICULAR KINDS OF TRUSTS  

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

Subdivision 276-A - What is an attribution managed investment trust?  

Guide to Subdivision 276-A

SECTION 276-5   What this Subdivision is about  


A managed investment trust in relation to an income year is an attribution managed investment trust (or AMIT ) for the income year if certain criteria are satisfied. In particular:

  • (a) the interests of the members of the trust need to be clearly defined at all times when the trust is in existence in the income year; and
  • (b) the trustee of the trust needs to have made a choice for the trust to be an AMIT in respect of that income year or an earlier income year.

  • TABLE OF SECTIONS
    TABLE OF SECTIONS
    Operative provisions
    276-10 Meaning of attribution managed investment trust (or AMIT )
    276-15 Clearly defined interests
    276-20 Trust with classes of membership interests - each class treated as separate AMIT


     

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