Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 880.15

    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 .