INCOME TAX ASSESSMENT ACT 1936

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

Division 7 - Calculation of attributable income of CFC  

Subdivision A - Basic principles  

SECTION 383   383   BASIC ASSUMPTIONS  


The assumptions are:


(a) that the eligible CFC is a taxpayer and a resident, within the meaning of section 6 , during the whole of the eligible period; and


(b) that the eligible period is a year of income, being the year of income of the eligible taxpayer in which the eligible period ends; and


(c) that this Act is modified in accordance with Subdivisions B to E; and


(d) whichever of the assumptions in section 384 or 385 applies.


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