Income Tax Assessment Act 1936


Division 9A - Offshore banking units  

Subdivision B - Interpretation  


An OB leasing activity is leasing activity with an offshore person involving offshore property.

Without limiting subsection (1), OB leasing activity includes entering into:

(a) any arrangement (within the meaning of section 51AD ) under which a right to use offshore property is granted by the owner to another person; or

(b) any arrangement (within the meaning of that section) under which a right to use offshore property, being a right derived directly or indirectly from a right mentioned in paragraph (a) in relation to the property, is granted by a person to another person;

with an offshore person.


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