Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 565

                   Income, profits or gains are taken to have been derived by a FIF although the income, profits or gains are not actually paid to the FIF but are reinvested, accumulated, capitalised, carried to a reserve, sinking fund or insurance fund (however designated), or are otherwise dealt with on behalf of the FIF or as the FIF directs.