INCOME TAX ASSESSMENT ACT 1936

PART III - LIABILITY TO TAXATION  

Division 9A - Offshore banking units  

Subdivision A - Object and simplified outline  

SECTION 121A   121A   OBJECT  


The object of this Division is to provide for concessional taxing, at the rate of 10%, of the offshore banking ( OB ) income of an offshore banking unit ( OBU ).

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