Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 23 - Transitional matters under relevant old legislation: Income Tax Assessment Act 1936  

REGULATION 10.2.118   OFFSHORE BANKING UNITS  

10.2.118(1)   [ Interpretation]  

For section 1444 of the Act, a reference in subparagraph 128AE(2) (e)(iii) of the Income Tax Assessment Act 1936 to a financial services licensee includes a regulated principal mentioned in item 1 or 3 of the table in section 1430 of the Act.

10.2.118(2)   [ Limitation]  

Subregulation (1) ceases to apply in relation to the regulated principal at the end of the transition period in relation to the regulated principal.