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 121ED
121ED
MEANING OF
TRADE WITH A PERSON
A person ( the trader ) is said to trade with another person in a thing if:
(a) the trader, for the purpose of trading in the thing, acquires it on issue from the other person; or
(b) the trader, for the purpose of trading in the thing, buys it from the other person; or
(c) the trader, in trading in the thing, sells it to the other person.
View history note
Hide history noteA person ( the trader ) is said to trade with another person in a thing if:
(a) the trader, for the purpose of trading in the thing, acquires it on issue from the other person; or
(b) the trader, for the purpose of trading in the thing, buys it from the other person; or
(c) the trader, in trading in the thing, sells it to the other person.
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