Australian listed share exemptionFrom 1 April 2017, the exemption from the Foreign Investment Fund rules for certain Australian listed shares – Australian resident companies on the ASX All Ordinaries index – will be extended to all shares listed on the ASX.
The exemption also requires consideration of whether the share is in a “company” (as defined for Australian tax purposes), tax resident in Australia, and excludes stapled securities. Therefore, care will need to be taken when applying this wider exemption.
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