Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 276.500

A debt - like trust instrument in an AMIT is treated as a debt interest in the AMIT. A distribution in relation to the instrument is treated as interest for the purposes of provisions relating to interest withholding tax, and may be treated as a deduction in working out the trust components of the AMIT.

Table of sections

Operative provisions

276 - 505   Meaning of debt - like trust instrument

276 - 510   Debt - like trust instruments treated as debt interests etc.

276 - 515   Distribution on debt - like trust instrument could be deductible in working out trust components