CORPORATIONS REGULATIONS 2001 - REG 10.2.118 Offshore banking units
CORPORATIONS REGULATIONS 2001 - REG 10.2.118
Offshore banking units(1) For section 1444 of the Act, a reference in subparagraph 128AE(2)(e)(iii) of the Income Tax Assessment Act 1936 to a financial services licensee includes a regulated principal mentioned in item 1 or 3 of the table in section 1430 of the Act.
(2) Subregulation (1) ceases to apply in relation to the
regulated principal at the end of the transition period in relation to the
regulated principal.