INCOME TAX ASSESSMENT ACT 1936 - SECT 403 Additional notional exempt income--unlisted country CFC
INCOME TAX ASSESSMENT ACT 1936 - SECT 403
Additional notional exempt income--unlisted country CFC If the eligible CFC is a resident of an unlisted country at the
end of the eligible period, the notional exempt income of the eligible CFC in
relation to the eligible period includes income or profits derived by the
eligible CFC in the eligible period in or in connection with carrying on
business in a listed country at or through a permanent establishment of the
eligible CFC in that listed country, where the income or profits are not
eligible designated concession income in relation to any listed country in
relation to the eligible period.