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
9 Subsection 457(3)
Omit all the words after paragraph (b), substitute:
then no amount is to be included in the attributable taxpayer's assessable income under subsection (1) in relation to that change of residence.
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