Petroleum (Timor Sea Treaty) (Consequential Amendments) Act 2003 (10 of 2003)

Schedule 1   Consequential amendments

Part 1   Amendments

Income Tax Assessment Act 1936

41   At the end of section 136AC

Add:

; or (c) a taxpayer:

(i) supplied or acquired property under the agreement in connection with a business; and

(ii) carries on that business in an area covered by an international tax sharing treaty.