Income Tax Assessment Act 1936
PART X
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ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES
Division 7
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Calculation of attributable income of CFC
Subdivision A
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Basic principles
SECTION 383
383
BASIC ASSUMPTIONS
The assumptions are:
(a) that the eligible CFC is a taxpayer and a resident, within the meaning of section 6 , during the whole of the eligible period; and
(b) that the eligible period is a year of income, being the year of income of the eligible taxpayer in which the eligible period ends; and
(c) that this Act is modified in accordance with Subdivisions B to E; and
(d) whichever of the assumptions in section 384 or 385 applies.
View history note
Hide history noteThe assumptions are:
(a) that the eligible CFC is a taxpayer and a resident, within the meaning of section 6 , during the whole of the eligible period; and
(b) that the eligible period is a year of income, being the year of income of the eligible taxpayer in which the eligible period ends; and
(c) that this Act is modified in accordance with Subdivisions B to E; and
(d) whichever of the assumptions in section 384 or 385 applies.
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