Statute
Section 160ZZZC — Income Tax Assessment Act 1936: Offshore banking units
Text of the provision Official document
If: (a) apart from this section, a foreign bank would be an offshore banking unit under a declaration made under subsection 128AE(2); and (b) the foreign bank has an Australian branch; this Act has effect as if the Australian branch were the offshore banking unit under the declaration.
Official source: Federal Register of Legislation
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