Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 880 - Sovereign entities and activities  

Subdivision 880-A - Basic concepts  

Operative provisions

SECTION 880-15   880-15   Meaning of sovereign entity  


A sovereign entity is any of the following:


(a) a body politic of a foreign country, or a part of a foreign country;


(b) a *foreign government agency;


(c) an entity:


(i) in which an entity covered by paragraph (a) or (b) holds a *total participation interest of 100%; and

(ii) that is not an Australian resident; and

(iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 .

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