{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\f448\froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\f449\froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\f451\froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}
{\f452\froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\f453\froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\f454\froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}
{\f455\froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\f456\froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;
\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;
\red128\green128\blue128;\red192\green192\blue192;}{\stylesheet{\ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1033\langfe5129\cgrid\langnp1033\langfenp5129 \snext0 Normal;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv 
\ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}}{\*\rsidtbl \rsid70519\rsid3436761\rsid5210068\rsid8801140\rsid9195971\rsid10382649
\rsid13323064\rsid15693761\rsid16136058\rsid16276814}{\*\generator Microsoft Word 10.0.6764;}{\info{\author Emalus Campus}{\operator blake_r}{\creatim\yr2004\mo2\dy18\hr16\min17}{\revtim\yr2006\mo2\dy7\hr13\min48}{\version10}{\edmins17}{\nofpages1}
{\nofwords208}{\nofchars1190}{\*\company USP}{\nofcharsws1396}{\vern16391}}\paperw11904\paperh16834\margl1440\margr1440 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\subfontbysize\hyphcaps0\formshade\horzdoc\dghspace120
\dgvspace120\dghorigin1701\dgvorigin1984\dghshow0\dgvshow3\jcompress\viewkind4\viewscale100\pgbrdrhead\pgbrdrfoot\nolnhtadjtbl\rsidroot8801140 \fet0\sectd \linex0\sectdefaultcl\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}
{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}
{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9
\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 \fs20\lang1033\langfe5129\cgrid\langnp1033\langfenp5129 {
\b\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 COOK ISLANDS}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 INTERNATIONAL COMPANIES AMENDMENT ACT}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16136058  1987}{
\b\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 ANALYSIS
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 Title
\par l. Short }{\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 Title
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 2. Application of other Acts to International Companies
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 ---------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 1987, No. 26
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid70519 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid3436761 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3436761\charrsid3436761 An Act to amend the }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid3436761 
International Companies }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid3436761\charrsid3436761 Act 1981-82
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid3436761 
\par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid3436761 {\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 (18 December 1987
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid3436761 
\par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid3436761 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519  by the Par}{\fs24\lang2057\langfe5129\langnp2057\insrsid15693761 liament of the Cook Islands in S}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 ession assembled and by the a}{\fs24\lang2057\langfe5129\langnp2057\insrsid15693761 uthority of the same as follows:}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 

\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3436761 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 1. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid3436761 Short Title}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519  }{
\fs24\lang2057\langfe5129\langnp2057\insrsid3436761 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519  }{\fs24\lang2057\langfe5129\langnp2057\insrsid3436761 This Act may be cited\tab as }{
\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 the International Companies Amendment Act 1987 and shall be read together with and deemed part of the International Companies Act 1981-82 (hereinafter referred to as }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 the principal Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 ).
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid3436761 
\par 2. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid3436761 Application of other Acts to International Companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519  - (1) Subsection (2) of section 249 of the princip
al Act is amended by:
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9195971 {\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 (a) deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{
\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 and}{\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 ;
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9195971 {\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 (b) inserting}{\fs24\lang2057\langfe5129\langnp2057\insrsid9195971  after the word }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9195971  the words }{
\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 and (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 .
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 (2) Section 249 of the principal Act is further amended by deleting subsection (5) and substituting the following subsection -
\par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 
\par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9195971 {\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 (5) Subsection (2
) shall not apply in respect of income derived by a foreign company where that income is derived by way of dividend, interest, royalty or any other means of distribution, paid by a domestic company (other than a trustee company), or paid by a natural pers
on ordinarily resident in the Cook islands, acting in his personal capacity.}{\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10382649\charrsid70519 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid70519 {\fs24\lang2057\langfe5129\langnp2057\insrsid70519\charrsid70519 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9195971 {\fs24\lang2057\langfe5129\langnp2057\insrsid16276814 ------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid70519 
\par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9195971 {\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 
\par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9195971 {\fs24\lang2057\langfe5129\langnp2057\insrsid9195971 This Act is administered by the Cook Islands Monetary Board.
\par }}