Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 802.10

Objects

                   The objects of this Subdivision are:

                     (a)  to encourage the establishment in Australia of regional holding companies for foreign groups; and

                     (b)  to improve Australia's attractiveness as a continuing base for its multinational companies;

by providing relief from tax on * distributions by * Australian corporate tax entities to * members who are foreign residents or other Australian corporate tax entities if those distributions relate to * conduit foreign income.



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