Document ID: chunk:federal_register_of_legislation:C2005A00063:clause:2_2
Version: federal_register_of_legislation:C2005A00063
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 7997–8585

2  After subsection 23AH(14)
Insert:

 (14A) This section does not apply to foreign income, or to a capital gain or capital loss, of a company to the extent that the income, gain or loss is from:
 (a) the operation of ships or aircraft in international traffic at or through a PE of the company in a listed country or unlisted country; or
 (b) things that are ancillary to that operation.

 (14B) A company operates a ship or aircraft in international traffic if the company operates it for transporting passengers or goods between a place in one country and a place in another country.