Document ID: chunk:federal_register_of_legislation:C2005C00443:clause:2_114
Version: federal_register_of_legislation:C2005C00443
Segment Type: clause
Provision Reference: sch 2 cl 114
Character Range: 64394–65256

114  Section 317 (paragraphs (c) and (d) of the definition of tainted rental income)
Repeal the paragraphs, substitute:
 (c) a lease of land, except where the following conditions are satisfied:
 (i) the land is situated in a listed country or in an unlisted country;
 (ii) at all times during the period when the income accrued, the company was a resident of that country;
 (d) a lease of land where the following conditions are satisfied:
 (i) the land is situated in a listed country or in an unlisted country;
 (ii) at all times during the period when the income accrued, the company was a resident of that country;
 (iii) it is not the case that a substantial part of the income is attributable to the provision of labour‑intensive property management services in connection with the land, being services provided by directors or employees of the company;