Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Act 2019 (34 of 2019)

Schedule 1   Non-concessional MIT income

Part 2   Definitions

Income Tax Assessment Act 1997

12   Subsection 995-1(1)

Insert:

asset entity has the meaning given by section 12-436 in Schedule 1 to the Taxation Administration Act 1953.

Australian agricultural land for rent has the meaning given by section 12-448 in Schedule 1 to the Taxation Administration Act 1953.

concessional cross staple rent cap has the meaning given by sections 12-443 and 12-444 in Schedule 1 to the Taxation Administration Act 1953.

cross staple arrangement has the meaning given by section 12-436 in Schedule 1 to the Taxation Administration Act 1953.

Division 6C land has the meaning given by section 12-448 in Schedule 1 to the Taxation Administration Act 1953.

economic infrastructure facility has the meaning given by section 12-439 in Schedule 1 to the Taxation Administration Act 1953.

excepted MIT CSA income has the meaning given by section 12-442 in Schedule 1 to the Taxation Administration Act 1953.

MIT agricultural income has the meaning given by sections 12-448 and 12-449 in Schedule 1 to the Taxation Administration Act 1953.

MIT cross staple arrangement income has the meaning given by sections 12-437 and 12-440 in Schedule 1 to the Taxation Administration Act 1953.

MIT residential housing income has the meaning given by sections 12-450 and 12-451 in Schedule 1 to the Taxation Administration Act 1953.

MIT trading trust income has the meaning given by sections 12-446 and 12-447 in Schedule 1 to the Taxation Administration Act 1953.

non-concessional MIT income has the meaning given by section 12-435 in Schedule 1 to the Taxation Administration Act 1953.

operating entity has the meaning given by section 12-436 in Schedule 1 to the Taxation Administration Act 1953.

rent from land investment means rent that is derived or received from investments in Division 6C land.

residential dwelling asset has the meaning given by section 12-452 in Schedule 1 to the Taxation Administration Act 1953.