Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 2/5)
Character Range: 6775577–6778312

National Socialist regime.

Duration of Second World War
 (2) Subsection (1) applies to:
 (a) the period immediately before the Second World War; and
 (b) the period immediately after the Second World War;
in the same way as it applies to the period of the Second World War.

Regimes associated with an enemy of the Commonwealth
 (3) This subsection covers a regime that was:
 (a) in alliance with; or
 (b) occupied by; or
 (c) effectively controlled by; or
 (d) under duress from; or
 (e) surrounded by;
either or both of the following:
 (f) the National Socialist regime of Germany;
 (g) any other enemy of the Commonwealth.

Legal personal representative
 (4) Subsection (1) applies to a payment to:
 (a) your *legal personal representative; or
 (b) a trust established by your will;
in a corresponding way to the way in which it would have applied if:
 (c) the payment had been to you; and
 (d) if the payment is made after your death—you were still alive.

768‑110  Foreign residents deriving income from certain activities in Australia's exclusive economic zone or on or above Australia's continental shelf
 (1) The object of this section is to ensure Australia's compliance with certain provisions of the *United Nations Convention on the Law of the Sea.
Note: The text of the United Nations Convention on the Law of the Sea is in Australian Treaty Series 1994 No. 31 ([1994] ATS 31) and could in 2014 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
 (2) If you are a foreign resident, your *ordinary income and *statutory income is neither assessable income, nor *exempt income, to the extent that:
 (a) the income is from an activity carried on in an area that is:
 (i) part of Australia's exclusive economic zone; or
 (ii) part of, or above, Australia's continental shelf; and
 (b) the activity is specified by regulation to be a prescribed activity for the purpose of this section.

Subdivision 768‑G—Reduction in capital gains and losses arising from CGT events in relation to certain voting interests in active foreign companies

Guide to Subdivision 768‑G

768‑500  What this Subdivision is about
      If:

                (a) a company has a capital gain or capital loss arising from a CGT event that happens in relation to a share in a foreign company; and
                (b) the company holds a direct voting percentage of 10% or more in the foreign company for a certain period before the CGT event happens;
      the gain or loss is reduced by a percentage that reflects the degree to which the assets of the foreign company are used in an active business.

Table of sections

Operative provisions
768‑505 Reducing a capital gain or loss from certain CGT events in