It's the type of entry and an election it can make. As i understand it, these Managed investment trusts (MIT) rules apply to investments like VAS https://www.ato.gov.au/General/Trusts/In-detail/Managed-investment-trusts/Capital treatment electionsWith the sale of eligible assets, the trustee of the MIT can make an irrevocable election to apply only the capital gains tax (CGT) provisions that determine the tax on gains and losses.
