INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZZC Offshore banking units
INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZZC
Offshore banking units(a) apart from this section, a foreign bank would be an offshore banking unit under a declaration made 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.