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Foreign investment funds guide (including update)

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

Who must keep records?

If you are a resident of Australia at any time during an income year and have an interest in a FIF at the end of that year or an interest in a FLP during that year, you must make and keep records in Australia. This includes a foreign branch of an Australian company which has an interest in a FIF or FLP. [SECTIONS 485 and 614]

If you are an attributable taxpayer in respect of a CFC or CFT that holds an interest in a FIF or FLP, you are subject to similar record keeping requirements for the CFC or CFT. [DIVISION 11 of Part X]

Sections within Chapter 8: Record keeping

Last Modified: Wednesday, 8 June 2005
 
Table of contents
About the Foreign investment funds guide
Chapter 1: Introduction
Chapter 2: Key concepts for the FIF measures
Chapter 3: Exemptions
Update 1999-2000
Chapter 4: Methods of FIF taxation
Chapter 5: Foreign life policies
Chapter 6: Avoiding double taxation
Chapter 7: Avoiding double taxation-relief for foreign taxes under the calculation method
Chapter 8: Record keeping
Chapter 9: Taxation of non-resident trusts
Appendixes
Worksheets
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