INCOME TAX ASSESSMENT ACT 1936
Subject to subsection (2), where a CFC has attributable income for a statutory accounting period in respect of an attributable taxpayer, the taxpayer's attribution percentage of the attributable income is included in the assessable income of the taxpayer of the year of income in which the end of the statutory accounting period occurs.456(2) [Assessability re changes of residence]
Where section 457 applies in relation to the attributable taxpayer in relation to one or more changes of residence by the CFC during the statutory accounting period, then only so much of the attributable income of the CFC as relates to:
(a) where the CFC is a resident of an unlisted country at the end of the period:
(i) any part of the period when the CFC was a resident of a listed country; or
(ii) the part of the period, since the change of residence or last change of residence, as the case requires, when the CFC was a resident of the unlisted country; or
(b) where the CFC is a resident of a listed country at the end of the period - any part of the period when the CFC was a resident of the listed country or any other listed country;
is to be taken into account under subsection (1).