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Chapter 3: Exemptions

Last updated 26 May 2005

To allow the foreign investment fund (FIF) measures to focus on cases that provide the greatest opportunity for deferral of Australian tax, there are a number of exemptions from FIF taxation:

  • attributable taxpayers
  • active business
  • an interest in a foreign bank
  • an interest in a foreign holding company of a foreign bank
  • an interest in a foreign life insurance company
  • an interest in a foreign general insurance company
  • an interest in a foreign company engaged in certain real property activities
  • an interest in foreign trusts
  • an interest of $50,000 or less
  • visitors to Australia
  • employer-sponsored foreign superannuation
  • an interest in a FIF that is trading stock
  • an interest in a multi-industry foreign company
  • underwriting members of Lloyd's
  • a balanced investment portfolio in FIFs
  • an interest in certain FIFs resident in the USA
  • complying superannuation funds
  • certain investments in FIFs that primarily engage in managing funds.

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