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Why have the OBU?
The Government provides us with an income tax concession, and our clients with a withholding tax concession, in order to attract more business to Australia, that would otherwise be lost to other countries.
What are the benefits of dealing with the OBU?
For investor clients we provide an exemption from 10% withholding tax and for borrowers we can potentially offer more competitive pricing. We also guide your transaction through the myriad of offshore technicalities.
Where is the OBU?
We are regulated and domiciled in Australia. The “Offshore” part of the name reflects the location of the clients we serve.
Who is the OBU?
We have a core team of experts dedicated to serving your needs. We work with, and through, your normal CommBank Relationship Executive to ensure the best outcome for you.
If you place funds with the OBU, where do they sit?
The funds sit in Australia and with the Commonwealth Bank as the OBU is not a separate entity.
Who can deal with the OBU?
For most transactions, any person or organisation operating from offshore can deal with the OBU.