Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 880.125

Covered sovereign entities

                   A * sovereign entity is covered by this section if it satisfies all of the following requirements:

                     (a)  the entity is funded solely by public monies;

                     (b)  all returns on the entity's investments are public monies;

                     (c)  the entity is not a partnership;

                     (d)  the entity is not any of the following:

                              (i)  a * public non-financial entity;

                             (ii)  a * public financial entity (other than a public financial entity that only carries on central banking activities).



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