House of Representatives

Tax Laws Amendment (Foreign Source Income Deferral) Bill (No. 1) 2010

Explanatory Memorandum

Circulated By the Authority of the Treasurer, the Hon Wayne Swan MP


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ATO Australian Taxation Office
CFC controlled foreign company
CGT capital gains tax
FIF foreign investment fund
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
the Board Board of Taxation

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