Statute
Section 129 — Income Tax Assessment Act 1936: Taxable income of ship-owner or charterer
Text of the provision Official document
Where a ship belonging to or chartered by a person whose principal place of business is out of Australia carries passengers, live-stock, mails or goods shipped in Australia, 5% of the amount paid or payable to him or her in respect of such carriage, whether that amount is payable in or out of Australia, shall be deemed to be taxable income derived by him or her in Australia.
Official source: Federal Register of Legislation
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