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Showing 31 - 40 of 43 results for "Managed Investment Trust"

New MIT tax rules tweaked following consultation

MARK SMITH  |  TUESDAY, 6 AUG 2013
The Government has made two further changes to the proposed new tax system for managed investment trusts (MITs) following industry consultation. One change addresses concerns that the proposed tax treatment of the under or over attribution of net income ...

Fund flows up after tax changes

BEN COLLINS  |  WEDNESDAY, 14 NOV 2012
... Services Council (FSC) and The Trust Company to find out if there had been an increase after changes to managed investment trust taxation in July 2010, in response to the Johnson Report. The study is the first time meaningful data has been produced on ...

Trust tax reform can be split

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
Assistant Treasurer David Bradbury's announcement yesterday of a further delay to tax reform for trusts has sparked debate over the relative merit of using the same timetable for a number of reform strands. Speaking at a CPA Australia lunch yesterday ...

Cormann criticises trust reform delay

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
Shadow Minister for Financial Services Mathias Cormann has criticised an additional delay on promised tax reform for managed investment trusts. In a statement issued this morning following news Assistant Treasurer David Bradbury would announce the delay ...

Budget increase may damage property business growth

RACHEL DAVIS  |  MONDAY, 14 MAY 2012
... last week in the Budget that the tax rate for non-residents investing into Australian property through a Managed Investment Trust will double from 7.5% to 15% from 1 July 2012. The Federal Government had progressively reduced final withholding tax for ...

MIT Budget inconsistencies spark concern

MELANIE TIMBRELL  |  THURSDAY, 10 MAY 2012
The surprise doubling of withholding tax for foreign investment in managed investment trusts has been criticised as inconsistent with the IMR initiative. In a budget analysis, Russell Investments has called the move on MIT withholding tax a "significant ...

Trust company considers outsourcing while MITs drive growth

MATT WOODINGTON  |  TUESDAY, 18 OCT 2011
The Trust Company is considering outsourcing some of its back office administration, following the example of Perpetual, which struck a deal with Macquarie Investment Management earlier this month. Speaking after the Trust Company reported a 16% increase ...

Extra year for tax related overhauls

MATT WOODINGTON  |  FRIDAY, 8 APR 2011
The federal government has granted an extra year to both Managed Investment Trusts (MITs) and financial planners providing tax advice to come to terms with new legislation. Bill Shorten, assistant treasurer and minister for financial services and superannuation ...

Lower tax rate opens local property to foreign investors

ELISE BURGESS  |  THURSDAY, 21 OCT 2010
... the national withholding tax rate to a more favourable 7.5 per cent. The new strategic alliance, MITSA (Managed Investment Trust Services Australia), will offer offshore buyers the ability to acquire and manage Australian assets while benefiting from ...

Fin centre plans hang in the balance: Bowen

RUTH LIEW  |  THURSDAY, 12 AUG 2010
... Australia becoming a financial services centre, found that reducing withholding tax and introducing a new managed investment trust regime and establishing the centre would "advance Australia's standing internationally".