New International Tax Arrangements (Foreign-owned Branches and Other Measures) Act 2005 (64 of 2005)
Schedule 2 Amendments relating to CFCs
Income Tax Assessment Act 1936
8 Subsection 457(2) (subparagraph (b)(i) of the definition of Adjusted distributable profits )
After "(excluding any non-portfolio dividends)", insert "derived during the period beginning on the first day of the statutory accounting period in which the residence-change time occurred and ending immediately before the time at which the residence-change time occurs".
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