New International Tax Arrangements Act 2004 (Cth)

New International Tax Arrangements Act 2004

No. 73, 2004

An Act to amend the law relating to taxation, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Foreign investment funds Income Tax Assessment Act 1936

Schedule 2—Interest withholding tax exemption for certain unit trusts Income Tax Assessment Act 1936

Schedule 3—Attributable income of CFCs Income Tax Assessment Act 1936

Schedule 4—Preventing double taxation of royalties subject to withholding tax Income Tax Assessment Act 1936

New International Tax Arrangements Act 2004

No. 73, 2004

An Act to amend the law relating to taxation, and for related purposes

[Assented to 23 June 2004]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the New International Tax Arrangements Act 2004.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Foreign investment funds

Income Tax Assessment Act 1936

1 Paragraph 96A(1)(c) After "Division 8", insert "or 11A".

2 Section 470 Insert:

complying superannuation entity has the same meaning as in the Income Tax Assessment Act 1997.

3 Section 470 Insert:

fixed entitlement has the same meaning as in the Income Tax Assessment Act 1997.

4 Section 470 Insert:

fixed trust has the same meaning as in the Income Tax Assessment Act 1997.

5 Section 470 Insert:

segregated exempt assets has the same meaning as in the Income Tax Assessment Act 1997.

6 Section 470 Insert:

trustee, in relation to a fund that has no trustee, means a person who is a trustee of the fund for the purposes of Part IX.