Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 802.10

    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.