Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 276-510 Debt-like trust instruments treated as debt interests etc. 276-510(1)
For the purposes of this Act:
(a) treat a *debt-like trust instrument in relation to an *AMIT as a *debt interest in the AMIT; and
(b) treat a distribution on a debt-like trust instrument in relation to an AMIT as a cost incurred by the AMIT in relation to a debt interest issued by the AMIT.
276-510(2)
If a trust is an *AMIT for an income year (disregarding this subsection), paragraph (1)(a) applies for the purposes of:
(a) determining whether the trust is a *managed investment trust in relation to the income year; and
(b) determining whether the trust is an AMIT for the income year.
276-510(3)
For the purposes of Division 11A of Part III of the Income Tax Assessment Act 1936 , if an entity is the holder of a *debt-like trust instrument in an *AMIT, treat a distribution to the entity in accordance with the instrument as interest.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
