Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 10   Distributions to foreign residents from managed investment trusts

Part 2   Consequential amendments

Taxation Administration Act 1953

24   After subsection 16-170(1) in Schedule 1

Insert:

(1AA) A payment summary relating to Subdivision 12-H is a statement that:

(a) names the payer and the recipient; and

(b) if the recipient has given the recipient’s *tax file number or *ABN to the payer - states the tax file number or ABN; and

(c) states the total of the *withholding payments (if any) that it covers, and the total of the *amounts withheld by the payer from those withholding payments; and

(d) specifies the income year of the relevant *managed investment trust to which it relates.