Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 275.5

This Subdivision sets out the requirements for a trust to be a managed investment trust in relation to an income year.

Table of sections

Operative provisions

275 - 10   Meaning of managed investment trust

275 - 15   Trusts with wholesale membership

275 - 20   Widely - held requirements--ordinary case

275 - 25   Widely - held requirements for registered MIT--special case for entities covered by subsection   275 - 20(4)

275 - 30   Closely - held restrictions

275 - 35   Licensing requirements for unregistered MIS

275 - 40   MIT participation interest

275 - 45   Meaning of managed investment trust --every member of trust is a managed investment trust etc.

275 - 50   Extended definition of managed investment trust --no fund payment made in relation to the income year

275 - 55   Extended definition of managed investment trust --temporary circumstances outside the control of the trustee