Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p15
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 15/64)
Character Range: 3331126–3334207

attribution managed investment trust (AMIT)
 (2) In applying section 276‑10 to the trust, disregard the following provisions:
 (a) paragraph 276‑10(1)(b);
 (b) paragraph 276‑10(1)(e).
Note: The effect of disregarding paragraph 276‑10(1)(e) is that the trustee of a *CCIV sub‑fund trust does not have a choice as to whether the trust is an AMIT.

Trustee cannot choose to treat classes of membership interests as separate AMITs
 (3) In applying Division 276 to the trust, disregard section 276‑20.

195‑140  Entry on Australian Business Register
 (1) If a *CCIV sub‑fund trust has an *ABN, the *Australian Business Registrar must enter in the *Australian Business Register in relation to the trust a statement that:
 (a) indicates that the trust is taken to exist for tax purposes because of the application of section 195‑110 to a *sub‑fund of a *CCIV; and
 (b) sets out the sub‑fund's ARFN (within the meaning of the Corporations Act 2001).
Note: ARFN is short for Australian Registered Fund Number.
 (2) The *Australian Business Registrar must take reasonable steps to ensure that information entered in the *Australian Business Register under this section is accurate. For this purpose, the Registrar may correct or update the information.

Division 197—Tainted share capital accounts

Table of Subdivisions
 Guide to Division 197
197‑A What transfers into a company's share capital account does this Division apply to?
197‑B Consequence of transfer: franking debit arises
197‑C Consequence of transfer: tainting of share capital account

Guide to Division 197

197‑1  What this Division is about
      This Division:

                (a) applies to certain amounts transferred to a company's share capital account (see Subdivision 197‑A); and
                (b) provides for a franking debit to arise if such an amount is transferred to the share capital account (see Subdivision 197‑B); and
                (c) provides for the tainting of the share capital account if such an amount is transferred, for how the account may be untainted, and for consequences that flow from untainting the account (see Subdivision 197‑C).

Subdivision 197‑A—What transfers into a company's share capital account does this Division apply to?

Table of sections
197‑5 Division generally applies to an amount transferred to share capital account from another account
197‑10 Exclusion for amounts that could be identified as share capital
197‑15 Exclusion for amounts transferred under debt/equity swaps
197‑20 Exclusion for amounts transferred leading to there being no shares with a par value—non‑Corporations Act companies
197‑25 Exclusion for transfers from option premium reserves
197‑30 Exclusion for transfers made in connection with demutualisations of non‑insurance etc. companies
197‑35 Exclusion for transfers made in connection with demutualisations of insurance etc. companies
197‑37 Exclusion for transfers made in connection with demutualisations of private health insurers
197‑38 Exclusion for transfers connected with demutualisations of friendly society health or life insurers