INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZX Income of branch to have Australian source
INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZX
Income of branch to have Australian source(1) All income derived by a foreign bank through its Australian branch is taken, for the purposes of this Act, to be income derived from a source in Australia.
(2) All gains from a Division 230 financial arrangement
(within the meaning of the Income Tax Assessment Act 1997 ) made by a
foreign bank through its Australian branch is taken, for the purposes of
this Act, to be from an Australian source.