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.