Income Tax Assessment Act 1997



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

Subdivision 276-B - Member ' s vested and indefeasible interest in share of income and capital of AMIT  

Operative provisions

SECTION 276-55   276-55   AMIT taken to be fixed trust and member taken to have vested and indefeasible interest in income and capital  

For the purposes of this Act:

(a) treat an *AMIT for an income year as a *fixed trust; and

(b) treat an entity that is a *member of the AMIT in respect of the income year as having a vested and indefeasible interest in a share of the income and capital of the AMIT throughout the income year.


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