Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZX

  (1)   All income derived by a foreign bank through its Australian branch is taken, for the purposes of this Act, to be income derived from a source in Australia.

  (2)   All gains from a Division   230 financial arrangement (within the meaning of the Income Tax Assessment Act 1997 ) made by a foreign bank through its Australian branch is taken, for the purposes of this Act, to be from an Australian source.