Discussion paper on new MIT tax system
18 October 2010
The Assistant Treasurer and Minister for Superannuation and Financial Services, Bill Shorten, released a discussion paper on the design and implementation details of the Government's new income tax system for managed investment trusts (MITs).
Interested parties are invited to make a submission on the discussion paper by Monday, 15 November 2010.
A further round of public consultation on exposure draft legislation and associated explanatory materials is planned for later this year. It is expected that legislation will be introduced into the Parliament in the first half of 2011.
Asst Treasurer's media release