Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 400

  (1)   This section applies in calculating the attributable income of the eligible CFC.

  (2)   Conditions that operate between the eligible CFC and another entity do not satisfy the cross - border test in subsection   815 - 120(3) of the Income Tax Assessment Act 1997 if:

  (a)   the other entity is a CFC; and

  (b)   the eligible CFC and the other entity are residents of the same listed country (disregarding section   383 of this Act).