Commonwealth Numbered Regulations

1989 No. 284 BANK FOR INTERNATIONAL SETTLEMENTS (PRIVILEGES AND IMMUNITIES) REGULATIONS - REG 5

5. The Bank is exempt from tax on income or gains it derives from investments
in Australia, being income or gains that, if it were not so exempt:

   (a)  would be subject to withholding tax in accordance with subsection
        128B(5) of the Income Tax Assessment Act 1936; or

   (b)  would be included in the assessable income of the Bank in accordance
        with section 26BB or 26C of that Act.