You are exempt from the FIF measures if you are an Australian resident and are also:
- an attributable taxpayer of a transferor trust or controlled foreign trusts [section 493]
- a beneficiary of a deceased estate - see What is a foreign investment fund (FIF)? in chapter 2 [section 481]
- an exempt small investor - see Exemption for an interest of $50,000 or less in chapter 3 [section 515]
- an exempt visitor - see Exemption for visitors to Australia in chapter 3 [section 517]
- a member of an employer-sponsored foreign superannuation fund - see Exemption for employer-sponsored foreign superannuation in chapter 3. [section 519]