Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (FOREIGN TAX CREDITS) ACT 1986 No. 51 of 1986 - SECT 19

19. After section 112A of the Principal Act the following section is inserted:
Exemption of certain foreign income

"112B. The assessable income of a life assurance company shall not include so
much of its foreign income as is not remitted to Australia.".