Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_3
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 3
Character Range: 169398–170383

3                                      an *offshore banking unit                                                                                                             work out your total assessable OB income (within the meaning of Division 9A of Part III of the Income Act Assessment Act 1936) and your total allowable OB deductions (within the meaning of that Division)  (a) if the choice you make under this item is a backdated startup choice (see section 960‑65)—the income year in which you make the choice; or
                                                                                                                                                                                                                                                                                                                                                                                          (b) in any other case—the income year following the one in which you make the choice.