Taxation Laws Amendment Act (No. 3) 1994 (138 of 1994)
Part 2 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936
Division 3 Amendments relating to foreign investment funds and controlled foreign companies
Sub-Division F Amendments relating to corporate limited partnerships
23 Repeal of section and substitution of new section
Section 94T of the Principal Act is repealed and the following section is substituted:
Residence of corporate limited partnership
"94T. For the purposes of the income tax law, the partnership is:
(a) a resident; and
(b) a resident within the meaning of section 6; and
(c) a resident of Australia; and
(d) a resident of Australia within the meaning of section 6;
if and only if:
(e) the partnership was formed in Australia; or
(f) either:
(i) the partnership carries on business in Australia; or
(ii) the partnership's central management and control is in Australia.".
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