Section 332 — Income Tax Assessment Act 1936: Companies that are residents of listed countries

(1) For the purposes of this Part, a company is a resident of a listed country at a particular time if, and only if, the company is, in accordance with subsection (2), a resident of a particular listed country at that time. (2) For the purposes of this Part, a company is a resident of a particular listed country at a particular time if, and only if, both of the following conditions are satisfied at that time: (a) the company is not a Part X Australian resident; (b) the company is treated as a resident of the listed country for the purposes of the tax law of the listed country.