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).

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