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  • Direct interests in FIFs and FLPs



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

    End of attention

    If the direct interests in FIFs and foreign life assurance policies (FLPs) of you and your associates are $A50,000 or less, the FIF taxation provisions do not apply. [subsection 515(1)].

    Last modified: 27 May 2005QC 17512