Income Tax Rates Amendment (Managed Investment Trusts) Act 2016 (49 of 2016)
Schedule 1 Amendments
Income Tax Rates Act 1986
11 At the end of section 12
Add:
(10) The rate of tax payable by a trustee of a managed investment trust under subsection 275-605(2) of the Income Tax Assessment Act 1997 is 30%.
(11) The rate of tax payable by a trustee of an AMIT under subsection 276-405(2) of the Income Tax Assessment Act 1997 is 45%.
(12) The rate of tax payable by a trustee of an AMIT under subsection 276-415(2) of the Income Tax Assessment Act 1997 is 45%.
(13) The rate of tax payable by a trustee of an AMIT under subsection 276-420(2) of the Income Tax Assessment Act 1997 is 45%.
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