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January 2019 – MIT Notice for Custodians

GARDA Capital Limited (GCL) and GARDA Funds Management Limited as responsible entity of GARDA Capital Trust (GCT or Fund), together form a stapled security comprising a share in GCL and a unit in GCT, do not consider the Fund is a managed investment trust (MIT) for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 (Cth) (Act) in respect of the year ending 30 June 2019.

The Fund is considered one that receives ‘fund payments’ from a withholding MIT that are then distributed to its members and therefore for the purposes of Subdivision 12-H of the Act estimated taxable components are required to be disclosed.

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