Taxation Laws Amendment Act (No. 2) 1999 (93 of 1999)
Schedule 1 Australia as a regional financial centre
Part 1 OBUs, withholding tax and thin capitalisation
Income Tax Assessment Act 1936
24 After paragraph 128AE(2)(c)
Insert:
; or (d) a life insurance company registered under theLife Insurance Act 1995; or
(e) a company incorporated under the Corporations Law that provides funds management services on a commercial basis (other than solely to related persons):
(i) that is a registered company included in the category for money market corporations under theFinancial Corporations Act 1974; or
(ii) all of the shares which are beneficially owned by a company covered by subparagraph (i); or
(iii) that holds a dealer's licence, or an investment adviser's licence, granted under Part 7.3 of the Corporations Law; or
(f) a company that the Treasurer determines, in writing, to be an OBU under subsection (2AA);