Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)
Schedule 3 Withholding MITs and fund payments
Income Tax Assessment Act 1936
1 After subsection 128AF(1)
Insert:
(1A) However, this section does not apply if one or more of the interposed entities is an AMIT for the year of income in which the payment is received.
Note: See Division 12A in Schedule 1 to the Taxation Administration Act 1953 for provisions about withholding tax that apply specifically to AMITs.