Commonwealth Numbered Regulations

1991 No. 20 INCOME TAX REGULATIONS (AMENDMENT) - SCHEDULE 10

                               SCHEDULE 10                      Regulation
152J
LISTED COUNTRIES FOR THE PURPOSES OF PART X OF THE ACT
Austria                                     Myanmar

Bangladesh                                  Netherlands

Belgium                                     New Caledonia

Brazil                                      New Zealand

Brunei                                      Norway

Bulgaria                                    Pakistan

Canada                                      Papua New Guinea

China                                       Philippines

Czechoslovakia                              Poland

Denmark                                     Portugal

Fiji                                        Romania

Finland                                     Saudi Arabia

France                                      Singapore

French Polynesia                            Solomon Islands

German Democratic Republic                  Spain

Germany, Federal Republic                   Sri Lanka

 of                                         Sweden

Greece                                      Switzerland

Hungary                                     Taiwan

Iceland                                     Thailand

India                                       Tokelau

Indonesia                                   Tonga

Ireland                                     Turkey

Israel                                      Tuvalu

Italy                                       Union of Soviet Socialist
Republics
Japan                                       United Kingdom of Great Britain
and
Kenya                                       Northern Ireland

Kiribati                                    United States of America

Korea, Republic of                          Western Samoa

Luxembourg                                  Yugoslavia

Malaysia                                    Zimbabwe
Malta 

  6.1   For the purposes of the provisions of the Act other than section 23AH,
Division 6AAA of Part III, Division 6 of Part X and Division 7 (other than
Subdivision D) of Part X of the Act:

   (a)  paragraph 152D (1) (b), but only in respect of the application of that
        paragraph to offshore income; and

   (b)  paragraph 152D (1) (c) in its application in respect of the entities
        referred to in items 3, 5, 20, 22, 29, 30, 39, 48, 49, 50 and 52 of
        Part 2 of Schedule 9; apply from 13 September 1990.
  6.2   For the purposes of Subdivision D of Division 7 of Part X of the Act
and section 53 of the Taxation Laws Amendment (Foreign Income) Act 1990,
regulations 152D, 152J and 152K and Schedule 9 apply in respect of the
statutory accounting period of a CFC that commences on or after 1 July 1983.
  6.3   For the purposes of section 23AH of the Act:


   (a)  paragraph 152D (1) (b), but only in respect of the application of that
        paragraph to offshore income; and

   (b)  paragraph 152D (1) (c) in its application in respect of the entities
        referred to in items 3, 5, 20, 22, 29, 30, 39, 48, 49, 50 and 52 of
        Part 2 of Schedule 9; apply in respect of a year of income of the
        taxpayer that commences on or after 13 September 1990.
  6.4   For the purposes of Division 6AAA of Part III of the Act:


   (a)  paragraph 152D (1) (b), but only in respect of the application of that
        paragraph to offshore income; and

   (b)  paragraph 152D (1) (c) in its application in respect of the entities
        referred to in items 3, 5, 20, 22, 29, 30, 39, 48, 49, 50 and 52 of
        Part 2 of Schedule 9; apply in respect of a year of income of a
        non-resident trust estate that commences on or after 13 September
        1990.
  6.5   For the purposes of Division 6 of Part X of the Act:


   (a)  paragraph 152D (1) (b), but only in respect of the application of that
        paragraph to offshore income; and

   (b)  paragraph 152D (1) (c) in its application in respect of the entities
        referred to in items 3, 5, 20, 22, 29, 30, 39, 48, 49, 50 and 52 of
        Part 2 of Schedule 9; apply in respect of an accounting period of a
        company that commences on or after 13 September 1990.
  6.6   For the purposes of Division 7 (other than Subdivision D) of Part X of
the Act:

   (a)  paragraph 152D (1) (b), but only in respect of the application of that
        paragraph to offshore income; and

   (b)  paragraph 152D (1) (c) in its application in respect of the entities
        referred to in items 3, 5, 20, 22, 29, 30, 39, 48, 49, 50 and 52 of
        Part 2 of Schedule 9; apply in respect of a statutory accounting
        period of a CFC that commences on or after 13 September 1990.
  6.7   In this regulation, unless the contrary intention appears, "the Act"
means the Income Tax Assessment Act 1936.