INCOME TAX ASSESSMENT ACT 1936

PART X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES  

Division 1 - Preliminary  

SECTION 316   OBJECT OF PART  

316(1)   [Amounts included in assessable income]  

The object of this Part is to provide for certain amounts to be included in a taxpayer's assessable income (Division 9) in respect of:


(a) the attributable income of a CFC (section 456); and


(b) certain changes of residence by a CFC (section 457).


(c) (Repealed by No 96 of 2004)

316(2)   [Rules contained in Part X]  

To that end (and for other purposes of this Act) this Part contains rules relating to the following:


(a) interpretation (Division 1);


(b) types of entities (Division 2);


(c) control interests, attribution interests, attributable taxpayers and attribution percentages (Division 3);


(d) attribution accounts (Division 4);


(e) (Repealed by No 143 of 2007)


(f) (Repealed by No 96 of 2004)


(g) the calculation of attributable income of a CFC (Division 7);


(h) the active income test (Division 8);


(j) post-attribution asset disposals (Division 10);


(k) the keeping of records (Division 11).


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