Source: Taxation In Australia Journal Article
Published Date: 1 Mar 2011
Australia's stable government and legal framework would prove attractive to any investor seeking a platform to launch investment into the Asia-Pacific region. Further, Australia, with its vast mineral resources and regular need for infrastructure financing, also presents investment opportunities for Islamic finance. In this regard, this article seeks to explore whether Australia as a financial services hub could function effectively for Islamic financial products and what Australia will need to do to lead the market in the region as a global financial services hub. In addition, this article also looks at the Australian tax treatment of common Islamic financial products under the existing law.
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.