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Conduit Foreign Income - Exposure Draft


Friday, 17 June 2005

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This Exposure Draft details the proposed conduit foreign income measure. The measure will allow Australian companies who receive foreign income on which no Australian tax is ordinarily payable to pay dividends to their foreign owners free of Australian tax.

The measure will replace the existing foreign dividend account rules and provide tax relief for the distribution of a broader range of foreign income.

The public have been invited to comment on the Exposure Draft. All comments will be treated as public and placed on the Treasury website unless you clearly indicate that you wish your comments to be treated as confidential.

Submission closing date: 20 July 2005

Address written comments to:

The Manager
International Tax Reform Unit
International Tax and Treaties Division
The Treasury
Langton Crescent

Email: conduit@treasury.gov.au

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Conduit Foreign Income - Draft Legislation  286.02kb
Conduit Foreign Income Explanatory Memorandum  459.82kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Conduit Foreign Income - Draft Legislation  198.36kb
Conduit Foreign Income Explanatory Memorandum  411.18kb

Related Items:

Submissions: Conduit Foreign Income Exposure Draft - 21/07/2005

Submissions to the Conduit Foreign Income Exposure Draft that have not sought confidentiality are available below.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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