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 121EC
121EC
MEANING OF
OBU RESIDENT-OWNER MONEY
Money is OBU resident-owner money of an OBU if it is paid to the OBU by a resident owner of the OBU by way of a subscription for, or a call on, shares in the OBU, except if the shares are redeemable preference shares.
View history note
Hide history noteMoney is OBU resident-owner money of an OBU if it is paid to the OBU by a resident owner of the OBU by way of a subscription for, or a call on, shares in the OBU, except if the shares are redeemable preference shares.
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