INCOME TAX ASSESSMENT ACT 1997 - SECT 170.75 Treatment like Australian branches of foreign banks
INCOME TAX ASSESSMENT ACT 1997 - SECT 170.75
Treatment like Australian branches of foreign banks(1) The object of this section is to let * tax losses be transferred under this Subdivision to and from * Australian permanent establishments of * foreign entities that are * financial entities in the same way as tax losses can be transferred to and from Australian branches of * foreign banks.
(2) This Subdivision (except this section) applies to an *
Australian permanent establishment of a * foreign entity that is a * financial
entity in the same way as this Subdivision applies to an Australian branch (as
defined in Part IIIB of the Income Tax Assessment Act 1936 ) of a *
foreign bank.