Income Tax Rates Amendment (Managed Investment Trusts) Act 2016 (49 of 2016)

Schedule 1   Amendments

Income Tax Rates Act 1986

11   At the end of section 12

Add:

(10) The rate of tax payable by a trustee of a managed investment trust under subsection 275-605(2) of the Income Tax Assessment Act 1997 is 30%.

(11) The rate of tax payable by a trustee of an AMIT under subsection 276-405(2) of the Income Tax Assessment Act 1997 is 45%.

(12) The rate of tax payable by a trustee of an AMIT under subsection 276-415(2) of the Income Tax Assessment Act 1997 is 45%.

(13) The rate of tax payable by a trustee of an AMIT under subsection 276-420(2) of the Income Tax Assessment Act 1997 is 45%.