Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe object of this Division is to exempt a taxpayer from taxation in respect of foreign investment fund income that would otherwise be taken to accrue from FIFs to the extent that that income is attributable to interests in FIFs that consist of trading stock whose value to be taken into account at the end of the year of income under section 70‑70 of the Income Tax Assessment Act 1997 is its market value.