12A‑10 Deemed payments—no obligation to 12A‑10 Deemed payments—no obligation to withhold under Subdivision 12‑F (dividend, interest and royalty payments)

#### 12A‑10 Deemed payments—no obligation to withhold under Subdivision 12‑F (dividend, interest and royalty payments) (1) If the entity that receives a payment as mentioned in subsection 12‑215(1), 12‑250(1) or 12‑285(1) is the trustee of an \*AMIT, the entity need not withhold an amount under that subsection from the payment if the payment arises because of the operation of section 12A‑205 (deemed payments). > Note: The trustee may have to pay the Commissioner an amount in respect of the deemed payment (see Subdivision 12A‑C). (2) Subsection (3) applies if: (a) the entity that receives a payment as mentioned in subsection 12‑215(1), 12‑250(1) or 12‑285(1) is a \*custodian; and (b) it received the payment from an \*AMIT. (3) The entity need not withhold an amount under that subsection from the payment mentioned in that subsection if: (a) the payment arises because of the operation of section 12A‑205 (deemed payments); or (b) the payment is a \*post‑AMMA actual payment in respect of a payment that so arises. > Note: Either or both of the trustee of the AMIT concerned and the custodian may have to pay the Commissioner an amount in respect of the deemed payment (see Subdivision 12A‑C). (4) Disregard this section for the purposes of section 12A‑15.