Document ID: chunk:federal_register_of_legislation:F2021N00261:body:0:p6
Version: federal_register_of_legislation:F2021N00261
Segment Type: other
Provision Reference: 
Character Range: 22654–27637

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 93/216          Income tax:  Offshore Banking Units (OBU) – is an OBU entitled to concessional tax treatment for income derived on a success only basis from offshore banking (OB) advisory 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 93/217          Income tax:  Offshore Banking Units (OBU) – what is the effect of funding an offshore banking (OB) activity with both OB and non-OB money?                                                                                                                                                                                        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 93/241          Income tax:  Offshore banking units – if an OBU sells down or disposes of its interest in a loan which originally qualified as an OB activity, does any fee receivable constitute 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 in respect of offshore activities will be removed effective from the 2023–24 income year.
                                                                                                                                                                                                                                                                                                                                                     This Addendum applies from 13 September 2021.
TD 95/1            Income tax:  Offshore Banking Units (OBU): what is the effect of converting a profit from offshore banking (OB) activities denominated in a foreign currency into Australian currency in an arm's length transaction with a separate Australian counterparty or with another division of the entity of which the OBU forms part?  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 95/2            Income tax:  Offshore Banking Units (OBU): can foreign currency denominated assets and receivables generated from offshore banking (OB) activities be hedged into Australian dollars (AUD) and if so, would the AUD received from the forward sale constitute non-OB money?                                                       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