Document ID: chunk:federal_register_of_legislation:F2021N00261:body:0:p2
Version: federal_register_of_legislation:F2021N00261
Segment Type: other
Provision Reference: 
Character Range: 4503–9598

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 93/133          Income tax:  Offshore Banking Units – is an OBU entitled to concessional tax treatment for income from OB activities which were entered into prior to the entity being registered as an OBU?                                                                                                                                      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 93/134          Income tax:  Offshore Banking Units – can a sub-subsidiary of a bank be registered as an OBU?                                                                                                                                                                                                                                     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 93/135          Income tax:  Offshore Banking Units – what is the effect of a transaction which falls within the definition of offshore banking activity, which is entered into by the part of an OBU which handles the domestic (as opposed to offshore) activities of the bank and which is accounted for in the domestic books?                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 93/136          Income tax:  Offshore Banking Units – if a loan entered into by a foreign branch of an Australian resident bank is assigned to the Australian OBU head office, does this constitute an OB activity?                                                                                                                               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 93/202          Income tax:  Offshore Banking Units (OBU) – can an OBU use offshore banking (OB) money (ie money that is not non-OB money) for purposes other than OB activities and replace those funds at a later date?                                                                                                                         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