INCOME TAX ASSESSMENT ACT 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 768 - Foreign non-assessable income and gains  

Subdivision 768-R - 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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