Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.118

Offshore banking units

  (1)   For section   1444 of the Act, a reference in subparagraph   128AE(2)(e)(iii) of the Income Tax Assessment Act 1936 to a financial services licensee includes a regulated principal mentioned in item   1 or 3 of the table in section   1430 of the Act.

  (2)   Subregulation (1) ceases to apply in relation to the regulated principal at the end of the transition period in relation to the regulated principal.


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