Private ruling: Managed Investment Trust - Eligibility - section 275-30 and 275-55
Date of advice: 1 September 2025
Published: 3 November 2025

Ruling: Q1: Is the Trust covered under section 275-55 of the Income Tax Assessment Act 1997 (ITAA 1997) for the income year, such that it qualifies as a managed investment trust ( MIT ) under paragraph 275-10(2)(b) of the ITAA 1997 where, if apart from the circumstance (as detailed in the relevant facts and circumstances of this Ruling) that arose that resulted in the closely held restrictions in paragraph 275-30(1)(c) of the ITAA 1997 not being satisfied, the Trust would be a MIT? | A1: Yes.


Relevant legislative provisions: Income Tax Assessment Act 1997 paragraph 275-10(2)(b) | Income Tax Assessment Act 1997 section 275-30 | Income Tax Assessment Act 1997 section 275-55