20 Sep 2018
House of Representatives
Before House of Representatives
Introduced with the Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax in Australia and Other Measures) Bill 2018 and Income Tax Rates Amendment (Sovereign Entities) Bill 2018, the bill amends the
Income Tax (Managed Investment Trust Withholding Tax) Act 2008 to make consequential amendments to specify that the managed investment trust (MIT) withholding rate on income attributable to non-concessional MIT income is 30 per cent.