Direct investments



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

End of attention

The FIF legislation refers to an interest that is generally:

  • a share in a foreign company
  • an interest in the capital or income of a foreign trust, or
  • the holding of the legal title of a foreign life assurance policy.

If you, as an Australian resident, personally and directly own foreign investments (not through a company or a trust), the FIF legislation does not cover physical assets such as land, livestock, plant and debt instruments. Other provisions of the income tax law apply to such investments.

Last modified: 27 May 2005QC 17512