AMIT status, MIT notices and other tax information

Important tax update - AMIT status

FIL Responsible Entity (Australia) Limited (FREAL) is the Responsible Entity of the Funds set out below.

The available MIT/AMIT status of each Fund for the specified Year is set out below:

A Fund categorised as a Non-MIT for the Year will also cease to qualify as an AMIT for the same Year. The main consequence of a Fund being categorised as a Non-AMIT for the Year is that gains realised by the relevant Fund will be classed as revenue gains and taxed as income not capital gains, when distributed to investors. This means investors of the relevant Fund will no longer benefit from the capital gains tax (CGT) discount on distributions of any long-term gains realised by the relevant Fund. If a Fund meets the eligibility requirements in a subsequent year, it may revert to being treated as a MIT or an AMIT as relevant.

Due to the complexities of Australian tax law, it is recommended that you seek professional tax advice if the taxation consequences are important to your decision to invest, or remain invested, in the Fund.