Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p21
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 21/41)
Character Range: 4284778–4288145

3‑25—Particular kinds of trusts
Division 275—Australian managed investment trusts: general
Guide to Division 275
275‑1 What this Division is about
Subdivision 275‑A—Meaning of managed investment trust
Guide to Subdivision 275‑A
275‑5 What this Subdivision is about
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
Subdivision 275‑B—Choice for capital treatment of managed investment trust gains and losses
275‑100 Consequences of making choice—CGT to be primary code for calculating MIT gains or losses
275‑105 Covered assets
275‑110 MIT not to be trading trust
275‑115 MIT CGT choices
275‑120 Consequences of not making choice—revenue account treatment
Subdivision 275‑C—Carried interests in managed investment trusts
275‑200 Gains and losses etc. from carried interests in managed investment trusts reflected in assessable income or deduction
Subdivision 275‑L—Modification for non‑arm's length income
Guide to Subdivision 275‑L
275‑600 What this Subdivision is about
Operative provisions
275‑605 Trustee taxed on amount of non‑arm's length income of managed investment trust
275‑610 Non‑arm's length income
275‑615 Commissioner's determination in relation to amount of non‑arm's length income
Division 276—Australian managed investment trusts: attribution managed investment trusts
Guide to Division 276
276‑1 What this Division is about
Subdivision 276‑A—What is an attribution managed investment trust?
Guide to Subdivision 276‑A
276‑5 What this Subdivision is about
Operative provisions
276‑10 Meaning of attribution managed investment trust (or AMIT)
276‑15 Clearly defined interests
276‑20 Trust with classes of membership interests—each class treated as separate AMIT
Subdivision 276‑B—Member's vested and indefeasible interest in share of income and capital of AMIT
Guide to Subdivision 276‑B
276‑50 What this Subdivision is about
Operative provisions
276‑55 AMIT taken to be fixed trust and member taken to have vested and indefeasible interest in income and capital
              Subdivision 276‑C—Taxation etc. of member components
Guide to Subdivision 276‑C
276‑75 What this Subdivision is about
Taxation etc. of member on determined member components
276‑80 Member's assessable income or tax offsets for determined member components—general rules
276‑85 Member's assessable income or tax offsets for determined member components—specific rules
276‑90 Commissioner's determination as to status of member as qualified person
276‑95 Relationship between section 276‑80 and withholding rules
276‑100 Relationship between section 276‑80 and other charging provisions in this Act
Foreign resident members—taxation of trustee and corresponding tax offset for members
276‑105 Trustee taxed on foreign resident's