Income Tax Assessment Act 1997
CHAPTER 4
-
INTERNATIONAL ASPECTS OF INCOME TAX
PART 4-5
-
GENERAL
Division 880
-
Sovereign entities and activities
Subdivision 880-C
-
Sovereign immunity
SECTION 880-100
What this Subdivision is about
View history note
Hide history noteThis Subdivision provides a tax exemption for certain sovereign entities in respect of certain returns on membership interests (etc.) in entities that are Australian resident companies or managed investment trusts. To obtain this exemption, the relevant sovereign entity group can hold only a portfolio interest in the entity, and cannot have relevant influence over the entity.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.