Oddball question about FIF tax and living in Australia
Here's a question for any Kiwis living in Australia under the special category visa. It's my understanding that this is technically a temporary visa, and as temporary residents, New Zealanders do not need to pay Australian income (or capital gains) tax on overseas investments. But you are still a resident of Australia for tax purposes, and therefore no longer a resident of New Zealand for tax purposes, so you don't need to pay FIF tax on investments that are in (for example) US stocks.
Is this right? So are investments outside Australia and New Zealand not taxed at all? I'm trying to figure this out from the IRD and ATO websites, but I'm not having much luck. I'll likely move to Australia in a few years, so it's not a question I need answered immediately - hence I don't want to consult an accountant - just hoping someone here may have experience with the system.
Thanks.