CTHRepealedLegislation
Income Tax Regulations 1936
152BIncome or profits as designated concession income
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#### 152B Income or profits as designated concession income
(1) For the definition of designated concession income in section 317 of the Act, if:
(a) a listed country is mentioned in column 2 of an item in Part 2 of Schedule 9; and
(b) an entity mentioned in column 3 of the item derived income or profits that are:
(i) of a kind specified in column 4 of the item; and
(ii) further described in column 5 of the item;
the income or profits are designated concession income.
(2) For subregulation (1), the income or profits of an entity include:
(a) the entity’s interest in the income or profits of a partnership in which the entity is a partner; and
(b) the entity’s beneficial interest in the income or profits of a trust estate in which the entity is a beneficiary.