(1) An AMIT member annual statement (or AMMA statement ) is a statement made by an * AMIT for an income year in accordance with this section.
(2) The statement must:
(a) include information that reflects the amount and character of each * member component of the * member for the income year; and
(b) state what the trustee reasonably estimates to be the amount of the excess or shortfall mentioned in section 104-107C (AMIT cost base net amount) for the income year in respect of the * CGT asset that is the member's unit or interest in the * AMIT.
(3) The statement is not an AMMA statement if the * AMIT fails to give it to the * member to whom it is addressed within 4 years after the end of the income year.
Note: The AMIT must give each member an AMMA statement for the income year no later than 3 months after the end of the income year (see section 276- 455).
Guide to Subdivision 276-J