Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3
Character Range: 7674319–7675421

3                         you make a choice under item 3 of the table in subsection 960‑60(1)  (a) both:
                                                                                               (i) the *offshore banking unit was in existence at the start of the income year in which you made the choice; and
                                                                                               (ii) you make the choice within 90 days after the beginning of that income year or within 30 days after the commencement of this section; or
                                                                                               (b) both:
                                                                                               (i) the offshore banking unit came into existence during the income year in which you made the choice; and
                                                                                               (ii) you make the choice within 90 days after the offshore banking unit came into existence or within 30 days after the commencement of this section.