MIT notice
Managed Investment Trusts - notice for Custodian and other Intermediary Investors in respect of the 7 April 2008 special distribution
Macquarie Capital Alliance Trust
Macquarie Capital Alliance Management Limited (MCAML), the trustee of Macquarie Capital Alliance Trust (MCAT) has given a “fund payment” notice in relation to the special distribution paid on 7 April 2008. This notice was included in the distribution advices mailed at the date of payment.
A copy of the notice (showing relevant percentages of the payment) is shown below.
Notice:
Macquarie Capital Alliance Management Limited (MCAML), the trustee of Macquarie Capital Alliance Trust (MCAT), considers that that trust is a managed investment trust1 in relation to its income year ending 30 June 2008, and gives the following notice2 to you as recipient of a payment of 30 cents per unit3 made on 7 April 2008:
a) the fund payment, being the part of the payment from which an amount would have been required to be withheld under Subdivision
12-H of Schedule 1 of the Taxation Administration Act 1953 if the payment has been made to an entity covered by section 12-410 of that Schedule, is 24.57483 cents per unit;
b) the fund payment was not worked out by reference to any discount capital gain; and
c) the fund payment the subject of this notice relates to the income year of MCAT ending on 30 June 2008.
MCAML also notes that, had the payment of 30 cents per unit been made by it direct to a foreign resident, MCAML would have treated the following part of the payment as being subject to withholding tax at the appropriate rate under Subdivision 12F of Schedule 1 to the Taxation Administration Act 1953:
Australian-sourced interest income 1.46054 cents per unit
1 For purposes of section 12-395 of Schedule 1 of the Taxation Administration Act 1953
2 For purposes of section 12-415 of Schedule 1 of the Taxation Administration Act 1953
3 This is the gross payment