Managed Investment Trust – allowing foreign pension funds access to the withholding tax regime - exposure draft legislation

On 6 November 2013, the Government announced that it would proceed with amendments to the managed investment trust withholding tax regime to provide certainty for foreign pension funds.

The proposed amendments in the draft Bill ensure that the foreign pension funds will be able to access the MIT withholding regime and the associated lower rate of withholding tax on their Australian investments as originally intended.