Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The interest on loans raised in Australia, after 31 December 1923, by the government of any country or dominion out of Australia, or by any authority constituted by or under any law of any such country or dominion, and received directly or indirectly by a resident, shall be deemed to be derived by the resident from a source in Australia, and shall be included in the resident's assessable income.
(2) For the purposes of this section, a loan shall be deemed to have been raised in Australia if subscriptions to the loan were invited in Australia by public advertisement, by the issue of a prospectus, or otherwise.