Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_6:p53
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 53/63)
Character Range: 470822–473659

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 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‑40(3)".

Subdivision 12A‑B—Distributions by AMITs relating to Subdivision 12‑H fund payments

Guide to Subdivision 12A‑B

12A‑100  What this Subdivision is about

      Withholding liabilities under Subdivision 12‑H do not apply in relation to deemed payments arising under Subdivision 12A‑C analogous to fund payments under Subdivision 12‑H (although analogous liabilities may arise under Subdivision 12A‑C).
      AMIT trustees, custodians and other entities may be required to give notices etc. to recipients of such deemed payments.

Table of sections

Operative provisions
12A‑105 Deemed payments—no obligation to withhold under Subdivision 12‑H
12A‑110 Meaning of fund payment—AMITs

Operative provisions

12A‑105  Deemed payments—no obligation to