New International Tax Arrangements (Participation Exemption and Other Measures) Act 2004 (96 of 2004)

Schedule 2   Foreign branch income, non-portfolio dividends and listed countries

Part 4   Listed countries: main amendments

Income Tax Assessment Act 1936

90   Section 404

After "listed country" (wherever occurring), insert "or a section 404 country".

Note: The heading to section 404 is replaced by the heading " Additional notional exempt income - listed or section 404 country CFC ".