INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZZI Certain transactions to be disregarded
INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZZI
Certain transactions to be disregardedAny transaction entered into by a foreign bank otherwise than through its Australian branch:
(a) under which finance is provided to the bank; or
(b) that is a derivative transaction or a foreign exchange transaction;
is to be disregarded for the purpose of determining whether a deduction is
allowable to the bank under this Act.