Income Tax Assessment (1936 Act) Amendment (Period of Review) Regulations 2022 (F2022L01604)

5A

(a) Paragraph (f) of item 1; or

(b) paragraph (e) of item 2; or

(c) paragraph (d) of item 3

The sum of the amounts of assessable income from sources other than an Australian source (within the meaning of the Income Tax Assessment Act 1997) of the following for the assessment year is $200,000 or more:

(a) the assessed entity;

(b) an affiliate (within the meaning of that Act) of the assessed entity;

(c) an entity that is connected with (within the meaning of that Act) the assessed entity.

5B

(a) Paragraph (e) of item 2; or

(b) paragraph (d) of item 3

The assessed entity is, at any time in the assessment year:

(a) a foreign controlled Australian entity (within the meaning of the Income Tax Assessment Act 1997); or

(b) a non-resident.