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Edited version of private advice
Authorisation Number: 1051879861698
Date of advice: 11 May 2022
Ruling
Subject: Superannuation fund for foreign residents - withholding tax exemption
Question
Are the Participating Funds, investing through the Trustee, excluded from liability to withholding tax on interest, dividend income derived in respect of its Australian investments under paragraph 128B(3)(jb) of the Income Tax Assessment Act 1936?
Answer
Yes.