Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf:
(a) an Australian corporate tax entity receives a foreign equity distribution from a foreign company, either directly or indirectly through one or more interposed trusts or partnerships; and
(b) the Australian corporate tax entity holds a participation interest of at least 10% in the foreign company;
the distribution is non - assessable non - exempt income for the Australian corporate tax entity.
Foreign equity distributions on participation interests
768 - 5 Foreign equity distributions on participation interests
768 - 7 Foreign equity distributions entitled to a foreign income tax deduction
768 - 10 Meaning of foreign equity distribution
768 - 15 Participation test--minimum 10% participation