Income Tax Assessment Act 1936

S 27 repealed by No 49 of 2019, s 3 and Sch 4 item 69, effective 1 July 2019. S 27 formerly read:

SECTION 27 INTEREST ON LOANS RAISED IN AUSTRALIA BY GOVERNMENTS OUTSIDE AUSTRALIA  
27(1)
The interest on loans raised in Australia, after 31 December 1923, by the government of any country or dominion out of Australia, or by any authority constituted by or under any law of any such country or dominion, and received directly or indirectly by a resident, shall be deemed to be derived by the resident from a source in Australia, and shall be included in the resident's assessable income.

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History

S 27(1) amended by No 41 of 2011, s 3 and Sch 5 Pt 27, by removing gender-specific language, effective 27 June 2011.

S 27(1) amended by No 108 of 1981 and No 51 of 1973.

27(2)
For the purposes of this section, a loan shall be deemed to have been raised in Australia if subscriptions to the loan were invited in Australia by public advertisement, by the issue of a prospectus, or otherwise.