Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
The objects of this Subdivision are:
(a) to encourage the establishment in Australia of regional holding companies for foreign groups; and
(b) to improve Australia's attractiveness as a continuing base for its multinational companies;
PART 4-5
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GENERAL
Division 802
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Foreign residents
'
income with an underlying foreign source
Subdivision 802-A
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Conduit foreign income
Operative provisions
SECTION 802-10
802-10
Objects
The objects of this Subdivision are:
(a) to encourage the establishment in Australia of regional holding companies for foreign groups; and
(b) to improve Australia's attractiveness as a continuing base for its multinational companies;
by providing relief from tax on *distributions by *Australian corporate tax entities to *members who are foreign residents or other Australian corporate tax entities if those distributions relate to *conduit foreign income.
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