Private ruling: Income tax treatment in respect of an arrangement involving an offshore banking unit
Date of advice: 3 July 2018
Published: September 2018

Ruling: In order to protect the privacy of this taxpayer and the commercial in-confidence components of this particular arrangement, the Edited Version is prepared in the following form. | The ruling concerns the income tax treatment in respect of an arrangement involving an Offshore Banking Unit and whether certain activities constitute Offshore Banking activity and the following legislative provisions apply:


Relevant legislative provisions: Income Tax Assessment Act 1936 section 121C | Income Tax Assessment Act 1936 section 121D | Income Tax Assessment Act 1936 section 121EAA | Income Tax Assessment Act 1936 section 121ED | Income Tax Assessment Act 1936 section 121EDA | Income Tax Assessment Act 1997 subsection 701-1(1) | Income Tax Assessment Act 1997 subsection 719-2(1) | Income Tax Assessment Act 1936 section 121DB