Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 768.980

    Interest that is paid by a * temporary resident:

  (a)   is an amount to which section   128B (liability to withholding tax) of the Income Tax Assessment Act 1936 does not apply; and

  (b)   is * non - assessable non - exempt income if the interest is:

  (i)   * derived by a foreign resident; and

  (ii)   is not derived from carrying on * business in Australia at or through a * permanent establishment in Australia.

Table of Subdivisions

  Guide to Division   770

770 - A   Entitlement rules for foreign income tax offsets

770 - B   Amount of foreign income tax offset

770 - C   Rules about payment of foreign income tax

770 - D   Administration