Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 880-20 Meaning of sovereign entity group 880-20(1)
Each of the following is part of a sovereign entity group :
(a) a body politic of a foreign country (other than a body politic of a part of that foreign country);
(b) a *foreign government agency in relation to that foreign country (other than a foreign government agency in relation to a part of that foreign country);
(c) an entity:
(i) in which an entity covered by paragraph (a) or (b) holds a *total participation interest of 100%; and
(ii) that is not an Australian resident; and
(iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 .
880-20(2)
Each of the following is part of a sovereign entity group :
(a) a body politic of a part of a foreign country;
(b) a *foreign government agency in relation to that part of that foreign country;
(c) an entity:
(i) in which an entity covered by paragraph (a) or (b) holds a *total participation interest of 100%; and
(ii) that is not an Australian resident; and
(iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936 .
880-20(3)
Each entity that is part of a *sovereign entity group is a member of the group.
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