Tax Laws Amendment (Election Commitments No. 1) Act 2008 (32 of 2008)

Schedule 1   Distributions of managed investment trust income to foreign residents

Part 3   Consequential amendments

Income Tax Assessment Act 1997

21   Subsection 995-1(1)

Insert:

managed investment trust withholding tax means income tax payable under:

(a) Subdivision 840-M of this Act; or

(b) Subdivision 840-M of the Income Tax (Transitional Provisions) Act 1997.