INCOME TAX ASSESSMENT ACT 1936 - SECT 341 Controlled foreign partnership (CFP)
INCOME TAX ASSESSMENT ACT 1936 - SECT 341
Controlled foreign partnership (CFP)A partnership is a CFP at a particular time if:
(a) the partnership is not an Australian partnership at that time; and
(b) at least one of the partners is a CFE at that time.