Income Tax (Managed Investment Trust Transitional) Act 2008
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Income Tax (Managed Investment Trust Transitional) Act 2008
No. 30, 2008
An Act to impose income tax on amounts attributable to fund payments derived by foreign residents, and for related purposes
Contents
1 Short title
2 Commencement
3 Imposition of tax
4 Rate of tax
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Income Tax (Managed Investment Trust Transitional) Act 2008
No. 30, 2008
An Act to impose income tax on amounts attributable to fund payments derived by foreign residents, and for related purposes
[Assented to 23 June 2008]
The Parliament of Australia enacts:
1 Short title
This Act may be cited as the Income Tax (Managed Investment Trust Transitional) Act 2008.
2 Commencement
This Act commences on the day on which it receives the Royal Assent.
3 Imposition of tax
The tax known as income tax, to the extent that that tax is payable by an entity in accordance with section 840‑805 of the Income Tax (Transitional Provisions) Act 1997, is imposed on amounts to which that section applies.
4 Rate of tax
The rate of income tax imposed by this Act is 22.5%.
[Minister’s second reading speech made in—
House of Representatives on 4 June 2008
Senate on 18 June 2008]
(123/08)