Sunday, February 27, 2011

Draft Outbound Foreign Investment Rules Released

The Australian government has finally released the draft of legislation intended to replace the FIF rules. From my reading of the information provided, only funds that invest in debt and do not distribute 80% or more of profits would be included in the new rules. More interpretation is available here.

Based on this, the kind of investments that I'm interested in should not be captured by the new rules and I will be able to invest overseas without worrying about complicated tax rules.

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