Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 519A

                   The objects of this Division are:

                     (a)  to exempt taxpayers from taxation under this Part in respect of foreign investment fund income that would otherwise be taken to accrue from complying superannuation/FHSA assets or segregated exempt assets; and

                     (b)  to exempt taxpayers who are trustees of complying superannuation entities or certain fixed trusts from taxation under this Part in respect of foreign investment fund income.