Taxation Laws Amendment Act (No. 2) 1999 (93 of 1999)

Schedule 1   Australia as a regional financial centre

Part 1   OBUs, withholding tax and thin capitalisation

Income Tax Assessment Act 1936

11   Paragraph 121D(4)(f)

Repeal the paragraph, substitute:

(f) trading in gold bullion, or in options or rights in respect of such bullion:

(i) with an offshore person where the money or moneys payable or receivable is or are in any currency; or

(ii) a person other than an offshore person where the money or moneys payable or receivable is or are in a currency other than Australian currency; or

(g) trading with an offshore person in silver, platinum or palladium bullion, or in options or rights in respect of such bullion; or

(h) trading with an offshore person in base metals.