The Senate Economics Legislation Committee has recommended that the package of Bills to implement a new system for taxing Managed Investment Trusts (MIT) be passed. The Committee handed down its report on the Bills on Thur 10.3.2016.

The Bills are:

The Bills had previously passed the House of Reps without amendment and are currently before the Senate. The new tax system for MITs would apply to assessments for an income year starting on or after 1 July 2016.

[Committee Report] [LTN 48, 11/3/16]