Amendments to the rewritten portfolio investment entity rules

2009 remedial amendments to the rewritten tax rules for portfolio investment entities.

Sections HM 14(3), HM 15(2), HM 57, HM 59 (repealed), HM 60, HM 61, HM 72 and YA 1 of the Income Tax Act 2007

A number of remedial amendments have been made to the rewritten tax rules for portfolio investment entities. These amendments ensure that the rules achieve their intended policy effect.

Application dates

The changes to sections HM 14(3), HM 15(2), HM 57, HM 59, HM 60, HM 61 and YA 1 apply for the 2010-11 and later income years.

The change to section HM 72 applies for income years beginning on or after 1 April 2010.