Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 129

Taxable income of ship-owner or charterer

                   Where a ship belonging to or chartered by a person whose principal place of business is out of Australia carries passengers, live‑stock, mails or goods shipped in Australia, 5% of the amount paid or payable to him in respect of such carriage, whether that amount is payable in or out of Australia, shall be deemed to be taxable income derived by him in Australia.



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