The proposed new tax system for managed investment trusts (MITs) will modernise the tax rules for eligible MITs and increase certainty for both MITs and their investors. The new rules will enhance the international competitiveness of Australian managed funds and promote the greater export of Australia’s funds management expertise.
The exposure draft legislation has been developed in close consultation with key stakeholders in the managed funds industry.
Closing date for submissions: Thursday, 23 April 2015
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