Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.55

    An * end user of an asset is a tax preferred end user if:

  (a)   the end user (or a * connected entity) is a * tax preferred entity; or

  (b)   the end user is:

  (i)   an entity that is a foreign resident; or

  (ii)   an entity that is an Australian resident, to the extent that the entity carries on * business in a foreign country at or through a * permanent establishment of the entity in that country.