A portfolio investment entity or PIE is an entity which invests the contributions from its investors in different types of passive investment.
You may want to invest in a PIE. If you are a company, trust or superannuation scheme you may choose to become a PIE.
There are several types of PIEs, each with different abilities and tax requirements.
The most common type is known as a multi-rate PIE (MRP). Investors in these PIEs will notify the MRP of the prescribed investor rate (PIR) that relates to their situation. The MRP attributes income to the investor and calculates its PIE tax using the investor’s PIR. The MRP adjusts the investor's account by that amount of tax.