INCOME TAX ASSESSMENT ACT 1936

FORMER PART XI - FOREIGN INVESTMENT FUNDS AND FOREIGN LIFE ASSURANCE POLICIES  

Former Division 1 - Preliminary  

Former Subdivision A - Application of Part  

FORMER SECTION 469   469   TAXPAYERS TO BE TAXED ON SHARE OF INCOME OF CERTAIN FOREIGN INVESTMENT FUNDS AND FOREIGN LIFE ASSURANCE POLICIES  
(Repealed by No 114 of 2010)

Former Subdivision B - Meaning of certain expressions used in this Part  

FORMER SECTION 470   470   DEFINITIONS  
(Repealed by No 114 of 2010)

FORMER SECTION 471   471   AUSTRALIAN ENTITY  
(Repealed by No 114 of 2010)

FORMER SECTION472   472   AUSTRALIAN PARTNERSHIP  
(Repealed by No 114 of 2010)

FORMER SECTION 473   473   AUSTRALIAN TRUST  
(Repealed by No 114 of 2010)

FORMER SECTION 474   474   DISTRIBUTIONS BY A FIF OR A FLP  
(Repealed by No 114 of 2010)

FORMER SECTION 475   475   ENTITLEMENT TO ACQUIRE  
(Repealed by No 114 of 2010)

FORMER SECTION 476   476   QUOTED PRICE  
(Repealed by No 114 of 2010)

FORMER SECTION 477   477   RESIDENT SUPERANNUATION ENTITY  
(Repealed by No 114 of 2010)

FORMER SECTION 478   478   TAX DETRIMENT  
(Repealed by No 114 of 2010)

FORMER SECTION 479   479   WHOLLY-OWNED SUBSIDIARY  
(Repealed by No 114 of 2010)

Former Subdivision C - Key concepts  

FORMER SECTION 480   480   OUTLINE OF SUBDIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 481   481   WHAT IS A FIF  
(Repealed by No 114 of 2010)

FORMER SECTION 482   482   WHAT IS A FLP  
(Repealed by No 114 of 2010)

FORMER SECTION 483   483   WHAT IS AN INTEREST IN A FIF OR A FLP  
(Repealed by No 114 of 2010)

FORMER SECTION 484   484   BARE TRUSTEE ' S INTEREST TO BE ATTRIBUTED TO BENEFICIARY  
(Repealed by No 114 of 2010)

FORMER SECTION 485   485   TAXPAYERS TO WHOSE INTERESTS IN FIFs AND FLPs THIS PART APPLIES  
(Repealed by No 114 of 2010)

FORMER SECTION 485AA   485AA   ELECTION TO EXCLUDE INTERESTS IN FOREIGN HYBRIDS FROM OPERATION OF THIS PART  
(Repealed by No 114 of 2010)

FORMER SECTION 485A   485A   APPLYING OPERATIVE PROVISION IN WORKING OUT NET INCOME OF PARTNERSHIP OR TRUST ESTATE  
(Repealed by No 114 of 2010)

FORMER SECTION 486   486   NOTIONAL ACCOUNTING PERIOD OF A FIF  
(Repealed by No 114 of 2010)

FORMER SECTION 487   487   NOTIONAL ACCOUNTING PERIOD OF A FLP  
(Repealed by No 114 of 2010)

Former Subdivision D - The disposal and acquisition of interests  

FORMER SECTION 488   488   WHAT IS A DISPOSAL OR ACQUISITION OF AN INTEREST IN A FIF OR A FLP  
(Repealed by No 114 of 2010)

FORMER SECTION 489   489   TIME OF DISPOSAL OR ACQUISITION OF INTEREST  
(Repealed by No 114 of 2010)

FORMER SECTION 490   490   CONSIDERATION FOR DISPOSAL OR ACQUISITION  
(Repealed by No 114 of 2010)

Former Subdivision E - Associates  

FORMER SECTION 491   491   ASSOCIATES OF AN ENTITY TO BE DETERMINED IN ACCORDANCE WITH SECTION 318 AS MODIFIED  
(Repealed by No 114 of 2010)

Former Division 2 - Exemption of attributable taxpayers for interests in certain FIFs  

FORMER SECTION 492   492   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 493   493   EXEMPTION OF ATTRIBUTABLE TAXPAYER IN RELATION TO CERTAIN TRUSTS  
(Repealed by No 114 of 2010)

FORMER SECTION 494   494   EXEMPTION OF ATTRIBUTABLE TAXPAYER REFERRED TO IN SECTION 456  
(Repealed by No 114 of 2010)

Former Division 3 - Exemption for interest in foreign company that is designated as engaging, or whose assets are principally for use, in certain activities  

FORMER SECTION 495   495   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 496   496   INTERPRETATION  
(Repealed by No 114 of 2010)

FORMER SECTION 497   497   EXEMPTION  
(Repealed by No 114 of 2010)

FORMER SECTION 498   498   HOW TO DETERMINE WHETHER A FOREIGN COMPANY IS TAKEN TO HAVE BEEN PRINCIPALLY ENGAGED IN ELIGIBLE ACTIVITIES  
(Repealed by No 114 of 2010)

FORMER SECTION 499   499   STOCK EXCHANGE LISTING METHOD  
(Repealed by No 114 of 2010)

FORMER SECTION 500   500   BALANCE-SHEET METHOD  
(Repealed by No 114 of 2010)

FORMER SECTION 501   501   INDIRECT OWNERSHIP OF PAID-UP SHARE CAPITAL OF COMPANY  
(Repealed by No 114 of 2010)

Former Division 4 - Exemption for interest in foreign bank or holding company of foreign bank  

FORMER SECTION 502   502   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 503   503   EXEMPTION FOR INTEREST IN FOREIGN BANK  
(Repealed by No 114 of 2010)

FORMER SECTION 504   504   EXEMPTION FOR INTEREST IN FOREIGN HOLDING COMPANY OF FOREIGN BANK  
(Repealed by No 114 of 2010)

Former Division 5 - Exemption for interest in foreign company whose assets are principally for use in carrying on life insurance business  

FORMER SECTION 505   505   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 506   506   EXEMPTION FOR INTEREST IN FOREIGN LIFE INSURANCE COMPANY  
(Repealed by No 114 of 2010)

FORMER SECTION 507   507   HOW TO DETERMINE WHETHER A FOREIGN COMPANY WAS PRINCIPALLY ENGAGED IN CARRYING ON LIFE INSURANCE BUSINESS  
(Repealed by No 114 of 2010)

FORMER SECTION 507A   507A   EXEMPTION FOR INTEREST IN FOREIGN HOLDING COMPANY OF FOREIGN LIFE INSURANCE COMPANY  
(Repealed by No 114 of 2010)

Former Division 6 - Exemption for interest in foreign general insurance company  

FORMER SECTION 508   508   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 509   509   EXEMPTION FOR INTEREST IN FOREIGN GENERAL INSURANCE COMPANY  
(Repealed by No 114 of 2010)

FORMER SECTION 509A   509A   EXEMPTION FOR INTEREST IN FOREIGN HOLDING COMPANY OF FOREIGN GENERAL INSURANCE COMPANY  
(Repealed by No 114 of 2010)

Former Division 7 - Exemption for interest in foreign company engaged in certain activities connected with real property  

FORMER SECTION 510   510   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 511   511   EXEMPTION  
(Repealed by No 114 of 2010)

FORMER SECTION 511A   511A   EXEMPTION FOR INTEREST IN FOREIGN HOLDING COMPANY OF FOREIGN REAL PROPERTY COMPANY  
(Repealed by No 114 of 2010)

Former Division 8 - Exemption for interests in certain US entities  

FORMER SECTION 512   512   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 512A   512A   DIVISION DOES NOT APPLY TO INTERESTS IN CFTs  
(Repealed by No 114 of 2010)

FORMER SECTION 513   513   EXEMPTIONS  
(Repealed by No 114 of 2010)

Former Division 9 - Exemption for interests of less than $50,000  

FORMER SECTION 514   514   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 515   515   EXEMPTION  
(Repealed by No 114 of 2010)

Former Division 10 - Exemption of certain visitors to Australia  

FORMER SECTION 516   516   OBJECT OF DIVISION  
(Repealed by No 32 of 2006)

FORMER SECTION 517   517   EXEMPTION  
(Repealed by No 32 of 2006)

Former Division 11 - Exemption for interest in an employer-sponsored superannuation fund  

FORMER SECTION 518   518   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 519   519   INTERESTS OF EMPLOYEES AND FORMER EMPLOYEES TO BE EXEMPT  
(Repealed by No 114 of 2010)

Former Division 11A - Exemption for complying superannuation/FHSA assets, segregated exempt assets and interests held by complying superannuation entities etc.  

FORMER SECTION 519A   519A   OBJECTS OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 519B   519B   EXEMPTION  
(Repealed by No 114 of 2010)

Former Division 12 - Exemption for certain interests that are trading stock  

FORMER SECTION 520   520   OBJECT OF DIVISION  
(Repealed by No 114 of 2010)

FORMER SECTION 521   521   EXEMPTION  
(Repealed by No 114 of 2010)