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

33   Subparagraph 377(1)(a)(i)

Repeal the subparagraph, substitute:

(i) if the listed country is a broad-exemption listed country - the income or profits are not eligible designated concession income in relation to any broad-exemption listed country in relation to the qualifying period; and

(ia) if the listed country is a limited-exemption listed country - the income or profits are not adjusted tainted income (within the meaning of section 386); and


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