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Foreign investment funds guide (including update)

Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

Table Of Contents

About the Foreign investment funds guide

Chapter 1: Introduction

Chapter 2: Key concepts for the FIF measures

Chapter 3: Exemptions

Exemption for an interest in a foreign bank

Exemption for an interest in a foreign holding company of a foreign bank

Exemption for an interest in a foreign life insurance company

Exemption for an interest in a foreign general insurance company

Exemption for an interest in a foreign holding company of a foreign general insurance company

Exemption for an interest in a foreign company engaged in certain activities connected with real property

Exemption for visitors to Australia

New Zealand citizens

Exemption for an interest in a foreign holding company of a foreign mixed activity company

Update 1999-2000

Exemption for interests in certain FIFs resident in the United States

Chapter 4: Methods of FIF taxation

Market value method

Chapter 5: Foreign life policies

Meaning of a foreign life policy

Interest in a FLP subject to taxation

Choosing the taxation method

Overview

Chapter 6: Avoiding double taxation

Attribution accounts

Chapter 7: Avoiding double taxation�relief for foreign taxes under the calculation method

Overview of the foreign tax credit system

Related companies

Changes to the foreign tax credit system�trust FIFs

FIF attributed tax accounts

Overview

Chapter 8: Record keeping

Exemptions from the FIF measures

Why have prosecution provisions?

Chapter 9: Taxation of non-resident trusts

Trusts to which the FIF measures apply

Public unit trusts

Appendixes

Appendix 1: Approved stock exchanges

Schedule 3�Approved stock exchanges under Part XI

Appendix 2: Business activities that are not eligible activities

Schedule 4�Business activities that are not eligible activities under Division 3 of Part XI

Appendix 3: Approved international sectoral classification systems

Schedule 5�Approved international sectoral classification systems under Part XI

Appendix 4: Previously exempt foreign trusts

Worksheets

Last Modified: Friday, 2 July 2004

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