INCOME TAX ASSESSMENT ACT 1936 - SECT 121DB Meaning of OB eligible contract activity
INCOME TAX ASSESSMENT ACT 1936 - SECT 121DB
Meaning of OB eligible contract activityAn OB eligible contract activity is entering into an eligible contract (other than a loan contract that is not a securities lending or repurchase arrangement) with:
(a) an offshore person; or
(b) if the eligible contract is a non - deliverable forward
foreign currency contract--any person.