Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p17
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 17/80)
Character Range: 4383431–4386229

between the AMIT and another entity (the subsequent recipient); and
 (d) the subsequent recipient:
 (i) starts to have, at a time in the income year, an entitlement to an amount that is reasonably attributable to all or part of the determined member component; or
 (ii) would start to have, at a time in the income year, such an entitlement if the determined member component were an actual payment of an amount.
 (2) For the purposes of this Subdivision, reduce the *custodian's *determined member component by the amount of the entitlement mentioned in subparagraph (1)(d)(i) or (ii).
Note: This subsection may operate to reduce the amount of the determined member component multiple times if there is more than one subsequent recipient in respect of which the requirements in paragraphs (1)(c) and (d) are satisfied.
 (3) For the purposes of this Subdivision:
 (a) treat the subsequent recipient as being a *member of the *AMIT in respect of the income year; and
 (b) treat the subsequent recipient as having, for the income year, a *determined member component for the AMIT that:
 (i) is of the character mentioned in paragraph (1)(b); and
 (ii) is equal to the amount of the entitlement mentioned in subparagraph (1)(d)(i) or (ii).

Subdivision 276‑D—Member components

Guide to Subdivision 276‑D

276‑200  What this Subdivision is about

      A member's member component of a particular character is so much of an AMIT's determined trust component of that character (see Subdivision 276‑E) as is attributable to membership interests held by the member, worked out in accordance with certain requirements.
      A member's determined member component of a particular character is the amount stated to be the member's member component of that character in an AMMA statement (see Subdivision 276‑H).

Table of sections

Member‑level concepts
276‑205 Meaning of determined member component
276‑210 Meaning of member component

Member‑level concepts

276‑205  Meaning of determined member component
 (1) The determined member component of a particular character for an income year of a *member of an *AMIT in respect of the income year is the amount of the member's *member component of that character as reflected in the AMIT's latest *AMMA statement for the member for the income year.
 (2) Subsection (3) applies if:
 (a) the *member makes a choice for the purposes of this paragraph that complies with subsection (5); and
 (b) the member gives a copy of the choice to the Commissioner within 4 months after:
 (i) unless subparagraph (ii) applies—the end of the member's income year; or
 (ii) if the *AMIT gives the member a revised *AMMA statement for the income year at a time after the end of that income year—that time; and
 (c) the member gives a notice of the choice, in accordance with