Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 276-55 276-55 AMIT taken to be fixed trust and member taken to have vested and indefeasible interest in income and capital
For the purposes of this Act:
(a) treat an *AMIT for an income year as a *fixed trust; and
(b) treat an entity that is a *member of the AMIT in respect of the income year as having a vested and indefeasible interest in a share of the income and capital of the AMIT throughout the income year.
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