Income Tax Assessment Act 1936
PART III
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LIABILITY TO TAXATION
Division 9A
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Offshore banking units
Subdivision B
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Interpretation
SECTION 121DB
121DB
MEANING OF
OB ELIGIBLE CONTRACT ACTIVITY
An OB eligible contract activity is entering into an eligible contract (other than a loan contract that is not a securities lending or repurchase arrangement) with:
(a) an offshore person; or
(b) if the eligible contract is a non-deliverable forward foreign currency contract - any person.
View history note
Hide history noteAn OB eligible contract activity is entering into an eligible contract (other than a loan contract that is not a securities lending or repurchase arrangement) with:
(a) an offshore person; or
(b) if the eligible contract is a non-deliverable forward foreign currency contract - any person.
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