The Responsible Entity, Colonial First State Investments Limited ABN 98 002 348 352 (CFSIL), has modified the constitutions of each of the following registered schemes (each a Fund and collectively the Funds) to enable each of the Funds to operate as an Attribution Managed Investment Trust (AMIT) from 1 July 2017.
What is an AMIT?
AMIT is a new tax regime that CFSIL has chosen to opt into on behalf of its investors from 1 July 2017.
CFSIL believes that opting-in to AMIT will produce a more equitable and fair tax outcome for each Fund’s unit-holders. It also allows the Funds to continue the current practice of making distributions based on estimated receipts of net income, thereby ensuring that income distributions and tax statements are issued to unit-holders in a timely and accurate manner.
We do not anticipate any immediate changes to our distribution policy or to the way we operate the Funds as a result of moving to the AMIT regime.
However, in the best interest of unit-holders, we will continue to review the way the Funds operate under AMIT.
Find out more
For more information about AMIT, click here or call us on 13 13 36.
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at colonialfirststate.com.au or by calling us on 13 13 36.