Taxation Laws Amendment (Foreign Income Measures) Act 1997 (155 of 1997)

Schedule 1   Foreign source income

Part 1   General amendments

Income Tax Assessment Act 1936

44   After paragraph 400(a)


(aa) for the purposes of Division 13 of Part III, an agreement is not an international agreement if, at all times when the agreement was in force, all of the parties to the agreement were CFCs and were residents of the same broad-exemption listed country; and