Income Tax Assessment Act 1936

PART IIIB - AUSTRALIAN BRANCHES OF FOREIGN BANKS  

Division 2 - Provisions relating to income tax  

SECTION 160ZZZC  

160ZZZC   OFFSHORE BANKING UNITS  

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.