Document ID: chunk:federal_register_of_legislation:C2019A00015:clause:1_24
Version: federal_register_of_legislation:C2019A00015
Segment Type: clause
Provision Reference: sch 1 cl 24
Character Range: 9511–10083

24  At the end of section 12‑383 in Schedule 1
Add:
 (2) For the purposes of ascertaining whether a trust is a *managed investment trust in relation to that income year for the purposes of paragraph (1)(a), treat as a *fund payment by the trustee of the trust any amount that, under subsection 12A‑205(2), would be treated as a payment by the trustee if the trust were an *AMIT.
Note: The making of a fund payment is a requirement for the trust to be a managed investment trust under paragraph 275‑10(1)(a) and subsection 275‑10(3) of the Income Tax Assessment Act 1997.