Managed Investment Trust - Eligibility - section 275-30 and 275-55

1 Is the Trust covered under section 275-55 of the Income Tax Assessment Act 1997 (ITAA 1997) for the income year, such that it qualifies as a managed investment trust ( MIT ) under paragraph 275-10(2)(b) of the ITAA 1997 where, if apart from the circumstance (as detailed in the

Yes.

of this Ruling) that arose that resulted in the closely held restrictions in paragraph 275-30(1)(c) of the ITAA 1997 not being satisfied, the Trust would be a MIT?

Income Tax Assessment Act 1997 paragraph 275-10(2)(b) Income Tax Assessment Act 1997 section 275-30 Income Tax Assessment Act 1997 section 275-55