INCOME TAX ASSESSMENT ACT 1936

PART IIIB - AUSTRALIAN BRANCHES OF FOREIGN BANKS  

Division 2 - Provisions relating to income tax  

SECTION 160ZZZC   160ZZZC   OFFSHORE BANKING UNITS  


If:


(a) apart from this section, a foreign bank would be an offshore banking unit under a declaration published under subsection 128AE(2) ; and


(b) the foreign bank has an Australian branch;

this Act has effect as if the Australian branch were the offshore banking unit under the declaration.


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