Document ID: chunk:federal_register_of_legislation:C2025C00014:section:450:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 450 (pt 3/3)
Character Range: 2088709–2090322

acquired from, or disposed of to, another entity where either of the following conditions are satisfied at the time of the acquisition or disposal:
 (i) the entity was a Part X Australian resident, and the acquisition or disposal was not in connection with a business carried on by the entity at or through a permanent establishment of the entity in a listed or unlisted country;
 (ii) the entity was not a Part X Australian resident, but the acquisition or disposal was in connection with a business carried on by the entity at or through a permanent establishment of the entity in Australia.
 (8) For the purposes of this Part, the tainted services income of a company of a statutory accounting period includes factoring income where the following conditions are satisfied:
 (a) at the time the income was derived, the company was an AFI subsidiary whose sole or principal business was financial intermediary business;
 (b) the debt to which the factoring income relates was acquired from, or disposed of to, another entity where either of the following conditions are satisfied at the time of the acquisition or disposal:
 (i) the entity was a Part X Australian resident, and the acquisition or disposal was not in connection with a business carried on by the entity at or through a permanent establishment of the entity in a listed or unlisted country;
 (ii) the entity was not a Part X Australian resident, but the acquisition or disposal was in connection with a business carried on by the entity at or through a permanent establishment of the entity in Australia.

Subdivision G—Substantiation requirements