(1) This section applies if:
(a) the requirements set out in paragraphs 275-610(1)(a), (b) and (c) of the Income Tax Assessment Act 1997 are satisfied in respect of an amount of non-arm's length income of a managed investment trust in relation to an income year; and
(b) the managed investment trust became a party to the scheme mentioned in paragraph 275-610(1)(a) of that Act before the day on which the Bill that became the Tax Laws Amendment (New Tax System for Managed Investment Trusts) Act 2016 was introduced into the House of Representatives; and
(c) the amount was derived before the start of the 2018-19 income year.
(2) Subsections 275-605(2), (3) and (4) of that Act do not apply in respect of the amount.
Table of Subdivisions
276-B Starting income year
276-T Becoming an AMIT: unders and overs
276-U Becoming an AMIT: CGT treatment of payment by trustee of AMIT
Table of sections
276-5 Application of Division 276