Taxation Determination
TD 92/109A - Addendum
Income tax: foreign income: does a controlled foreign company (CFC) which conducts its business on a cyclical basis satisfy the active income test?
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Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
FOI status:
may be released| This Addendum forms part of the Determination and, to the extent that it is capable of being a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953, it is a public ruling for the purposes of that Part. Taxation Rulings TR 92/1 and TR 97/16 together explain when a Determination is a public ruling and how it is binding on the Commissioner. |
ADDENDUM
Taxation Determination TD 92/109 is amended, with effect for statutory accounting periods of controlled foreign companies commencing after 30 June 1997, as follows:
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Paragraph 1
- (a)
- Omit 'listed'; substitute 'broad-exemption listed'.
- (b)
- Omit 'unlisted'; substitute 'non-broad-exemption listed'.
Commissioner of Taxation
17 December 1997
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