New Bills to implement a revised regime for Managed Investment Trusts are before the Senate and have been referred to the Senate Economics Legislation Committee for inquiry and report by 10 March 2016.

The Tax Laws Amendment (New Tax System for Managed Investment Trusts) Bill 2015 and related Bills, which together propose to implement a new tax regime for Managed Investment Trusts, as well as make a number of other related amendments, were passed by the House of Representative on 10 February 2016 without amendment.  The Bills are now before the Senate, and have been referred to the Senate Economics Legislation Committee for inquiry and report by 10 March 2016.

See G+T December 2015 Corporate Advisory Update for a summary of the package of Bills.