Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 10   Distributions to foreign residents from managed investment trusts

Part 2   Consequential amendments

Taxation Administration Act 1953

19   After subsection 16-153(3) in Schedule 1

Insert:

(4) An entity must give a report to the Commissioner in the *approved form if the entity is required to withhold amounts under Subdivision 12-H in relation to *fund payments made by a particular *managed investment trust (the paying trust ) in relation to an income year of that trust.

Note: The entity may be the managed investment trust itself or an intermediary.

(4A) The report under subsection (4) must be given:

(a) not later than 14 days after the end of 6 months after the end of the income year of the *managed investment trust in relation to which the relevant *fund payments were made; or

(b) within a longer period allowed by the Commissioner.