Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 276-50 What this Subdivision is about
An AMIT for an income year is treated as a fixed trust. A member of the AMIT in respect of the income year is treated as having a vested and indefeasible interest in a share of the income and capital of the AMIT throughout the income year.
| Operative provisions | |
| 276-55 | AMIT taken to be fixed trust and member taken to have vested and indefeasible interest in income and capital |
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