Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 768-980 768-980 Interest paid by temporary resident
Interest that is paid by a * temporary resident:
(a) is an amount to which section 128B (liability to withholding tax) of the Income Tax Assessment Act 1936 does not apply; and
(b) is * non-assessable non-exempt income if the interest is:
(i) * derived by a foreign resident; and
(ii) is not derived from carrying on * business in Australia at or through a * permanent establishment in Australia.
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