Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 (53 of 2016)
Schedule 3 Withholding MITs and fund payments
Income Tax Assessment Act 1997
4 At the end of section 840-815
Add:
(2) Subsection (1) does not apply to an Australian resident to the extent that:
(a) *managed investment trust withholding tax is payable on the amount because of subsection 840-805(4D); and
(b) the Australian resident is entitled, directly or indirectly, to the amount.
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