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

Schedule 1   Consequential amendments

Part 1   Amendments

Income Tax Assessment Act 1936

45   Paragraph 136AE(5)(e)

Repeal the paragraph, substitute:

(e) in the Commissioner's opinion, the derivation of the income or the incurring of the expenditure is attributable, in whole or in part, to activities carried on by the taxpayer:

(i) at or through the permanent establishment that is referred to in subparagraph (a)(i) or (iii); or

(ii) in the area covered by the international tax sharing treaty that is referred to in paragraph (a)(ii) or (iv);