Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements, in relation to the residency of a company in s 6(1) ITAA36 best describes the principle established in Malayan Shipping

Which of the following statements, in relation to the residency of a company in s 6(1) ITAA36 best describes the principle established inMalayan Shipping Company Ltd v FC of T?

a.

A company will be a resident of Australia if the voting power is controlled by shareholders who are residents of Australia.

b.

A company will be a resident of Australia if incorporated in Australia.

c.

A company carrying on a business in Australia is deemed to have its central management and control in Australia.

d.

When the central management and control of a company is in Australia and the day to day management decisions of the company are made in Australia it is deemed to be carrying on a business in Australia.

e.

A company incorporated outside of Australia will always be a resident of Australia.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ACCA Financial Accounting Study Text 2022 23

Authors: Emile Woolf International

1st Edition

1848436831, 978-1848436831

More Books

Students also viewed these Accounting questions

Question

(1 point) Calculate 3 sin x cos x dx.

Answered: 1 week ago