Treasury Laws Amendment (2018 Measures No. 5) Act 2019 (15 of 2019)

Schedule 1   AMIT technical amendments

Income Tax Assessment Act 1997

13   At the end of subsection 840-805(2)

Add:

Note 1: Because a fund payment can be adjusted to account for earlier fund payments and the expected amounts of later fund payments (see subsection 12A-110(5) in Schedule 1 to the Taxation Administration Act 1953), the amount of a particular fund payment may not reflect the actual amount you are paid for the purposes of this subsection.

Note 2: If the withholding MIT is an AMIT, under subsection 12A-205(2) in Schedule 1 to the Taxation Administration Act 1953, amounts may be treated, for the purposes of this Subdivision, as having been paid to you from the trustee of the AMIT.