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Exemption from the FIF rules for income earned from managing funds

Last updated 26 May 2005

New legislation has changed the FIF rules with application from 1 July 2003. The changes include a measure to exclude from the operation of FIF rules certain investments in FIFs that primarily engage in the active management of funds. Previously, the FIF rules required taxpayers to attribute amounts in respect of such investments in the current year.

For more information, phone the Business Tax Reform Infoline on 13 28 66.

Exclusion from the FIF rules for complying superannuation funds

New legislation exempts complying superannuation funds from the FIF rules from 2003-04 and onwards.

For more information, phone the Business Tax Reform Infoline on 13 28 66.

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