Statute
Section 160ZZX — Income Tax Assessment Act 1936: Income of branch to have Australian source
Text of the provision Official document
(1) All income derived by a foreign bank through its Australian branch is taken, for the purposes of this Act, to be income derived from a source in Australia. (2) All gains from a Division 230 financial arrangement (within the meaning of the Income Tax Assessment Act 1997) made by a foreign bank through its Australian branch is taken, for the purposes of this Act, to be from an Australian source.
Official source: Federal Register of Legislation
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