Document ID: chunk:federal_register_of_legislation:F2021N00261:body:0:p4
Version: federal_register_of_legislation:F2021N00261
Segment Type: other
Provision Reference: 
Character Range: 13590–18687

effective from the 2023–24 income year.
                                                                                                                                                                                                                                                                                                                                                     This Addendum applies from 13 September 2021.
TD 93/207          Income tax:  Offshore Banking Units (OBU) – if an OBU acts as funds manager for a trust with offshore investors and an Australian trustee, does the funds management role fall within the definition of an investment activity under subsection 121D(6)?                                                                          This Ruling is amended to reflect that the Offshore Banking Unit (OBU) regime is closed to new entrants from 14 September 2021. The concessional tax treatment for existing OBUs in respect of offshore activities will be removed effective from the 2023–24 income year.
                                                                                                                                                                                                                                                                                                                                                     This Addendum applies from 13 September 2021.
TD 93/208          Income tax:  Offshore Banking Units (OBU) – does the definition of advisory activity in subsection 121D(7) encompass the provision of financial knowledge and information to an offshore person?                                                                                                                                  This Ruling is amended to reflect that the Offshore Banking Unit (OBU) regime is closed to new entrants from 14 September 2021. The concessional tax treatment for existing OBUs in respect of offshore activities will be removed effective from the 2023–24 income year.
                                                                                                                                                                                                                                                                                                                                                     This Addendum applies from 13 September 2021.
TD 93/209          Income tax:  Offshore Banking Units (OBU) – does the definition of advisory activity in subsection 121D(7) encompass:                                                                                                                                                                                                             This Ruling is amended to reflect that the Offshore Banking Unit (OBU) regime is closed to new entrants from 14 September 2021. The concessional tax treatment for existing OBUs in respect of offshore activities will be removed effective from the 2023–24 income year.
                   •advising offshore parties on offshore infrastructure financing; and                                                                                                                                                                                                                                                              This Addendum applies from 13 September 2021.
                   •advising lessors or lessees on leasing transactions, where both lessor and lessee are offshore persons and the leased asset is not located in Australia?
TD 93/210          Income tax:  Offshore Banking Units (OBU) – does the definition of advisory activity in section 121D(7) encompass advising an offshore debt investor or offshore borrower in an offshore leveraged lease which has an Australian end‑user?                                                                                        This Ruling is amended to reflect that the Offshore Banking Unit (OBU) regime is closed to new entrants from 14 September 2021. The concessional tax treatment for existing OBUs in respect of offshore activities will be removed effective from the 2023–24 income year.
                                                                                                                                                                                                                                                                                                                                                     This Addendum applies from 13 September 2021.
TD 93/211          Income tax:  Offshore Banking Units (OBU) – where an OBU provides the services of its employees to a non‑resident subsidiary to assist the subsidiary in advising offshore clients on offshore financial matters, can fees charged by the OBU to the subsidiary qualify as assessable OB income?                                  This Ruling is amended to reflect that the Offshore Banking Unit (OBU) regime is closed to new entrants from 14 September 2021. The concessional tax treatment for existing OBUs