Income Tax Assessment Act 1997
CHAPTER 4
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INTERNATIONAL ASPECTS OF INCOME TAX
Each of the following is part of a sovereign entity group :
(a) a body politic of a foreign country (other than a body politic of a part of that foreign country);
(b) a *foreign government agency in relation to that foreign country (other than a foreign government agency in relation to a part of that foreign country);
(c) an entity:
Each of the following is part of a sovereign entity group :
(a) a body politic of a part of a foreign country;
(b) a *foreign government agency in relation to that part of that foreign country;
(c) an entity:
Each entity that is part of a *sovereign entity group is a member of the group.
PART 4-5
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GENERAL
Division 880
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Sovereign entities and activities
Subdivision 880-A
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Basic concepts
Operative provisions
SECTION 880-20
Meaning of
sovereign entity group
880-20(1)
Each of the following is part of a sovereign entity group :
(a) a body politic of a foreign country (other than a body politic of a part of that foreign country);
(b) a *foreign government agency in relation to that foreign country (other than a foreign government agency in relation to a part of that foreign country);
(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
880-20(2)
(iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 .
Each of the following is part of a sovereign entity group :
(a) a body politic of a part of a foreign country;
(b) a *foreign government agency in relation to that part of that foreign country;
(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
880-20(3)
(iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 .
Each entity that is part of a *sovereign entity group is a member of the group.
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