Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 880 - Sovereign entities and activities  

Subdivision 880-C - Sovereign immunity  

Operative provisions

SECTION 880-125  

880-125   Covered sovereign entities  

A * sovereign entity is covered by this section if it satisfies all of the following requirements:

(a) the entity is funded solely by public monies;

(b) all returns on the entity ' s investments are public monies;

(c) the entity is not a partnership;

(d) the entity is not any of the following:

(i) a * public non-financial entity;

(ii) a * public financial entity (other than a public financial entity that only carries on central banking activities).