Private ruling: What is a company for the purposes of section 995-1 of the ITAA 1997?
Date of advice: 20 October 2015
Published: October 2015

Ruling: Q1: Will X be treated as a 'company' for the purposes of section 995-1 of the ITAA 1997? | A1: Yes

Relevant facts and circumstances: An entity created under foreign law proposes to invest in Australia. The entity will be a non-resident of Australia.

Relevant legislative provisions: Income Tax Assessment Act 1997 section 995-1

Reasons for decision: Summary: The entity meets all of the relevant requirements to be treated as a 'company' for the purposes of section 995-1 of the ITAA 1997.