Income Tax Assessment Act 1997
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Hide history noteSECTION 195-135 Application of Division 276 (AMITs) to a CCIV sub-fund trust 195-135(1)
This section sets out how to apply Division 276 to a trust that is a *CCIV sub-fund trust.
Determining whether the trust is an attribution managed investment trust (AMIT)
195-135(2)
In applying section 276-10 to the trust, disregard the following provisions: (a) paragraph 276-10(1)(b) ; (b) paragraph 276-10(1)(e) .
Note:
The effect of disregarding paragraph 276-10(1)(e) is that the trustee of a *CCIV sub-fund trust does not have a choice as to whether the trust is an AMIT.
Trustee cannot choose to treat classes of membership interests as separate AMITs
195-135(3)
In applying Division 276 to the trust, disregard section 276-20 .
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