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CX 57: Credits for investment fees
or “Tax credits for investment fees in certain funds don't count as taxable income”
You could also call this:

“Money from foreign investments not taxed when using specific calculation methods”

When you use certain methods to work out your foreign investment fund (FIF) income or loss, you might get some money that isn’t FIF income. This money comes from what’s called an attributing interest in a FIF. It’s not a dividend that follows the rules in section CD 36(4). The methods you might use are listed in section EX 59(1). These include the comparative value method, deemed rate of return method, fair dividend rate method, and cost method.

If you get this kind of money during the time you’re using one of these methods, it’s called excluded income. This means you don’t have to pay tax on it. The government has decided that this money shouldn’t be taxed in this situation.

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Next up: CX 58: Amounts derived by minors from trusts

or “Special tax rules for money young people get from trusts”
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Part C Income
Excluded income: Definitions

CX 57BAmounts derived during periods covered by calculation methods

  1. This section applies when a person derives an amount, that is not FIF income from an attributing interest in a FIF or a dividend to which section CD 36(4) (Foreign investment fund income) applies, in a period for which they have used a calculation method referred to in section EX 59(1) (Codes: comparative value method, deemed rate of return method, fair dividend rate method, and cost method) to calculate their FIF income or loss.

  2. The amount derived is excluded income of the person.

Notes
  • Section CX 57B: inserted, on , by section 40 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).
  • Section CX 57B(1): amended, on , by section 31(a) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).
  • Section CX 57B(1): amended, on , by section 31(b) of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).