Income Tax Assessment Act 1997



Division 840 - Withholding taxes  

Subdivision 840-M - Managed investment trust withholding tax  

Operative provisions

SECTION 840-815   Certain income is non-assessable non-exempt income  


An amount on which * managed investment trust withholding tax is payable is not assessable income and is not * exempt income of an entity.


Subsection (1) does not apply to an Australian resident to the extent that:

(a) *managed investment trust withholding tax is payable on the amount because of subsection 840-805(4D) ; and

(b) the Australian resident is entitled, directly or indirectly, to the amount.


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