Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 880 - Sovereign entities and activities  

Subdivision 880-B - Basic tax treatment of sovereign entities  

Operative provisions

SECTION 880-60   Bodies politic of foreign countries and foreign government agencies treated as foreign residents  

880-60(1)    
For the purposes of this Act, treat a body politic of a foreign country, or a part of a foreign country:

(a) as being a person that is not a resident of Australia; and

(b) as being a resident of the foreign country.

880-60(2)    
For the purposes of this Act, treat a *foreign government agency in relation to a foreign country (including a foreign government agency in relation to a part of a foreign country):

(a) as being a person that is not a resident of Australia; and

(b) as being a resident of the foreign country.