Legislation

ITAA 1936 s 121D(8)

ATO documents that consider ITAA 1936 s 121D(8)

2 documents

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?

TD 93/D212 (Finalised)replacedTD

Income tax: Offshore Banking Units (OBU) - Can foreign currency denominated assets and receivables generated from OB activities be hedged into Australian dollars (AUD) and if so, would the AUD received from the forward sale constitute non-OB money?