Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)

Schedule 5   20% tracing rule and repeal of Division 6B

Part 3   Amendments consequential on the repeal of Division 6B

Income Tax Assessment Act 1997

67   Subsection 995-1(1) (definition of resident unit trust)

Repeal the definition, substitute:

resident unit trust has the meaning given by section 102Q of the Income Tax Assessment Act 1936.