Section 768 — Income Tax Assessment Act 1997 (Cth)

If:

(a) an Australian corporate tax entity receives a foreign equity distribution from a foreign company, either directly or indirectly through one or more interposed trusts or partnerships; and

(b) the Australian corporate tax entity holds a participation interest of at least 10% in the foreign company;

the distribution is non‑assessable non‑exempt income for the Australian corporate tax entity.

Table of sections

Foreign equity distributions on participation interests

768‑5 Foreign equity distributions on participation interests

768‑7 Foreign equity distributions entitled to a foreign income tax deduction

768‑10 Meaning of foreign equity distribution

768‑15 Participation test—minimum 10% participation

Related sections

• s 725 — ‑1  What this Division is about
• s 727 — ‑1  What this Division is about
• s 764 — ‑1  What this Division is about
• s 770 — ‑1  What this Division is about
• s 775 — ‑5  What this Division is about
• s 802 — ‑5  What this Subdivision is about

Research how courts apply s 768

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