INCOME TAX ASSESSMENT ACT 1936

PART III - LIABILITY TO TAXATION  

Division 9A - Offshore banking units  

Subdivision B - Interpretation  

SECTION 121ED   121ED   MEANING OF TRADE WITH A PERSON  


A person ( the trader ) is said to trade with another person in a thing if:


(a) the trader, for the purpose of trading in the thing, acquires it on issue from the other person; or


(b) the trader, for the purpose of trading in the thing, buys it from the other person; or


(c) the trader, in trading in the thing, sells it to the other person.


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