Document ID: chunk:federal_register_of_legislation:C2019C00124:clause:3_11:p5
Version: federal_register_of_legislation:C2019C00124
Segment Type: clause
Provision Reference: sch 3 cl 11 (pt 5/13)
Character Range: 101135–103777

trustee in relation to the income year; and
                (c) the expected amounts of any later AMIT dividend payments the trustee expects to make in relation to the income year.
 (5) The amount mentioned in subsection (3) and the expected amounts of any later *AMIT dividend payments are to be worked out on the basis of the trustee's knowledge when the payment is made.
 (6) Subsection (5) does not apply if the payment is a payment arising because of the operation of section 12A‑205 (deemed payments).
 (7) However, the payment is not an AMIT dividend payment in relation to the income year if:
 (a) the payment is a *post‑AMMA actual payment in respect of another payment; and
 (b) the other payment arises because of the operation of section 12A‑205; and
 (c) the other payment is an AMIT dividend payment.

12A‑35  Meaning of AMIT interest payment
 (1) This section applies to a trust that is an *AMIT for an income year.
 (2) The object of this section is to ensure that the total of the *AMIT interest payments that the trustee of the *AMIT makes in relation to the income year equals, as nearly as practicable, the amount mentioned in subsection (3).
 (3) The amount is the total of the *determined member components for the *AMIT for the income year of the character of interest (as defined in Division 11A of Part III of the Income Tax Assessment Act 1936) that is subject to a requirement to withhold under Subdivision 12‑F.
 (4) To work out the amount of an AMIT interest payment, apply subsections 12A‑30(4), (5), (6) and (7). For this purpose:
 (a) treat references in those subsections to AMIT dividend payments as instead being references to AMIT interest payments; and
 (b) treat the reference in subsection 12A‑30(4) to "the amount mentioned in subsection (3)" as instead being a reference to "the amount mentioned in subsection 12A‑35(3)".

12A‑40  Meaning of AMIT royalty payment
 (1) This section applies to a trust that is an *AMIT for an income year.
 (2) The object of this section is to ensure that the total of the *AMIT royalty payments that the trustee of the *AMIT makes in relation to the income year equals, as nearly as practicable, the amount mentioned in subsection (3).
 (3) The amount is the total of the *determined member components for the *AMIT for the income year of the character of a *royalty that is subject to a requirement to withhold under Subdivision 12‑F.
 (4) To work out the amount of an AMIT royalty payment, apply subsections 12A‑30(4), (5), (6) and (7). For this purpose:
 (a) treat references in those subsections to AMIT dividend payments as instead being references to AMIT royalty