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Edited version of private advice
Authorisation Number: 1052342611643
Date of advice: 14 April 2025
Ruling
Subject: AMIT fund payments
Question
Will distributions by Head-Trust be "fund payments" for the purposes of section 12A-110 of Schedule 1 to the Taxation Administration Act 1953 (TAA 1953) that are not attributable to "non-concessional MIT income" for the purpose of section 12-435 of Schedule 1 to the TAA 1953?
Answer
The distributions by Head-Trust will be fund payments for the purposes of section 12A-110 of Schedule 1 to the TAA 1953, which are not attributable to non-concessional MIT income for the purposes of section 12-435 of Schedule 1 to the TAA 1953.