Statute
Section 160ZZZI — Income Tax Assessment Act 1936: Certain transactions to be disregarded
Text of the provision Official document
Any transaction entered into by a foreign bank otherwise than through its Australian branch: (a) under which finance is provided to the bank; or (b) that is a derivative transaction or a foreign exchange transaction; is to be disregarded for the purpose of determining whether a deduction is allowable to the bank under this Act.
Official source: Federal Register of Legislation
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