Income Tax Assessment Act 1936

Pt X inserted by No 5 of 1991.

S 404(1) amended by No 84 of 2018, s 3 and Sch 2 item 4, by inserting " (1) " before " For " , effective 1 October 2018 and applicable in relation to foreign equity distributions made on or after 1 January 2019. No 84 of 2018, s 3 and Sch 2 item 9(3) provides that the amendments in this Schedule do not apply unless the foreign income tax deduction to which all or part of the distribution or foreign equity distribution gives rise arises in a foreign tax period ending on or after 1 January 2019.

S 404(2) inserted by No 84 of 2018, s 3 and Sch 2 item 5, effective 1 October 2018 and applicable in relation to foreign equity distributions made on or after 1 January 2019. No 84 of 2018, s 3 and Sch 2 item 9(3) provides that the amendments in this Schedule do not apply unless the foreign income tax deduction to which all or part of the distribution or foreign equity distribution gives rise arises in a foreign tax period ending on or after 1 January 2019.

S 404 substituted by No 110 of 2014, s 3 and Sch 2 item 6, applicable to distributions and non-share dividends made after 16 October 2014. S 404 formerly read:

SECTION 404 ADDITIONAL NOTIONAL EXEMPT INCOME - LISTED OR SECTION 404 COUNTRY CFC  
404
Where the eligible CFC is a resident of a listed country or a section 404 country at the end of the eligible period, a dividend paid to it in the eligible period by a company that is a resident of a listed country or a section 404 country is notional exempt income.

S 404 amended by No 96 of 2004 and inserted by No 5 of 1991.