Document ID: chunk:federal_register_of_legislation:C2007A00079:clause:10_1:p2
Version: federal_register_of_legislation:C2007A00079
Segment Type: clause
Provision Reference: sch 10 cl 1 (pt 2/2)
Character Range: 97353–98130

the earlier payment that was covered by the notice the entity received in relation to the earlier payment; and
 (c) the later payment is made to an entity covered by section 12‑410.

Note: Paragraph (1)(b) means that the notice part is attributable to a fund payment made by a managed investment trust, or 2 or more fund payments made by one or more managed investment trusts, to an intermediary.

 (2) The amount the entity must withhold is:

12‑395  Meaning of managed investment trust

 (1) A trust is a managed investment trust in relation to an income year if:
 (a) the trustee of the trust makes the first *fund payment in relation to the income year; and
 (b) the conditions in this table are satisfied.

Conditions to be satisfied
Item                        Condition