Income Tax Assessment Act 1997



Division 802 - Foreign residents ' income with an underlying foreign source  

Subdivision 802-A - 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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