Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
Interest that is paid by a * temporary resident:
(a) is an amount to which section 128B (liability to withholding tax) of the Income Tax Assessment Act 1936 does not apply; and
(b) is * non-assessable non-exempt income if the interest is:
PART 4-5
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GENERAL
Division 768
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Foreign non-assessable income and gains
Subdivision 768-R
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Temporary residents
Operative provisions
SECTION 768-980
768-980
Interest paid by temporary resident
Interest that is paid by a * temporary resident:
(a) is an amount to which section 128B (liability to withholding tax) of the Income Tax Assessment Act 1936 does not apply; and
(b) is * non-assessable non-exempt income if the interest is:
(i) * derived by a foreign resident; and
(ii) is not derived from carrying on * business in Australia at or through a * permanent establishment in Australia.
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