INCOME TAX ASSESSMENT ACT 1936 - SECT 129 Taxable income of ship - owner or charterer
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 or her 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 or
her in Australia.