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EZ 32: Terminating exemption for grey list FIF investing in Australasian listed equities
or “Expired rule about special treatment for certain overseas investments in Australia and New Zealand”
You could also call this:

“ Outdated rule for international financial reporting no longer applies ”

This rule about IFRS reporting doesn’t apply anymore. It was part of the Income Tax Act 2007, but it was removed on 6 October 2009. The change affected things from 1 April 2008. IFRS stands for International Financial Reporting Standards, which are rules about how companies should report their financial information.

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Next up: EZ 32C: Treatment in section EX 20C of currency effects on CFC's borrowing

or “Old rule about currency effects on foreign company borrowing no longer applies”
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Part E Timing and quantifying rules
Terminating provisions: Definitions

EZ 32BTransitional rule for IFRS reporting (Repealed)

    Notes
    • Section EZ 32B: repealed (with effect on 1 April 2008), on , by section 196 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).