Document ID: chunk:federal_register_of_legislation:C2019A00034:clause:4_6:p1
Version: federal_register_of_legislation:C2019A00034
Segment Type: clause
Provision Reference: sch 4 cl 6 (pt 1/6)
Character Range: 61976–64652

6  At the end of Part 4‑5
Add:

Division 880—Sovereign entities and activities

Table of Subdivisions
880‑A Basic concepts
880‑B Basic tax treatment of sovereign entities
880‑C Sovereign immunity
880‑D Consular activities

Subdivision 880‑A—Basic concepts

Guide to Subdivision 880‑A

880‑10  What this Subdivision is about
      This Subdivision defines several terms that are fundamental to the operation of this Division, such as sovereign entity and sovereign entity group.

Table of sections

Operative provisions
880‑15 Meaning of sovereign entity
880‑20 Meaning of sovereign entity group

Operative provisions

880‑15  Meaning of sovereign entity
  A sovereign entity is any of the following:
 (a) a body politic of a foreign country, or a part of a foreign country;
 (b) a *foreign government agency;
 (c) an entity:
 (i) in which an entity covered by paragraph (a) or (b) holds a *total participation interest of 100%; and
 (ii) that is not an Australian resident; and
 (iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936.

880‑20  Meaning of sovereign entity group
 (1) Each of the following is part of a sovereign entity group:
 (a) a body politic of a foreign country (other than a body politic of a part of that foreign country);
 (b) a *foreign government agency in relation to that foreign country (other than a foreign government agency in relation to a part of that foreign country);
 (c) an entity:
 (i) in which an entity covered by paragraph (a) or (b) holds a *total participation interest of 100%; and
 (ii) that is not an Australian resident; and
 (iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936.
 (2) Each of the following is part of a sovereign entity group:
 (a) a body politic of a part of a foreign country;
 (b) a *foreign government agency in relation to that part of that foreign country;
 (c) an entity:
 (i) in which an entity covered by paragraph (a) or (b) holds a *total participation interest of 100%; and
 (ii) that is not an Australian resident; and
 (iii) that is not a resident trust estate for the purposes of Division 6 of Part III of the Income Tax Assessment Act 1936.
 (3) Each entity that is part of a *sovereign entity group is a member of the group.

Subdivision 880‑B—Basic tax treatment of sovereign entities

Guide to Subdivision 880‑B

880‑50  What this Subdivision is about
      This Subdivision provides that a sovereign entity is liable to pay tax. It also provides that a body politic (or a foreign government agency) of a foreign country, or part of a foreign country, is