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Contact: Ms. Heidi Lam
Telephone:86-20-
Mobile Phone:
Fax:86-20-
Address:Room206-208,Building B,Hongyi Business Center,No.4 Guanyu Road,Tangdong,Tianhe District.
Zip:510665
Country/Region:China (Mainland)
Province/State:Guangdong
City:Guangzhou
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US $11.5-11.9
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About product and suppliers:
offers 15,146 tassel shoe products. About 19% of these are baby shoes, 12% are boots, and 11% are tassel fringe. A wide variety of tassel shoe options are available to you, such as autumn, spring, and summer. You can also choose from rubber, tpr, and pu. As well as from loafers, slip-on, and pumps. And whether tassel shoe is free samples, or paid samples. There are 15,188 tassel shoe suppliers, mainly located in Asia. The top supplying countries are China (Mainland), Pakistan, and India, which supply 97%, 1%, and 1% of tassel shoe&respectively. Tassel shoe&products are most popular in North America, Western Europe, and South America. You can ensure product safety by selecting from certified suppliers, including 700 with Other, 394 with ISO9001, and 283 with BSCI certification.
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INCOME TAX ASSESSMENT ACT 1997 - SECT 995.1
Definitions
INCOME TAX ASSESSMENT ACT 1997 - SECT 995.1
Definitions
&&&&&&&&&&&&
(1)& In this Act, except so far as the contrary intention appears:
has the meaning given by section&43-145. 70% DFE rule
has the meaning given by section&394-35. 95% services indirect value
has the meaning given by section&727-700. 100% subsidiary
has the meaning given by section&975-505. 165-CC tagged asset
has the meaning given by section&715-30. 170-D deferred loss
has the meaning given by section&715-310.
" means the Administrative Appeals Tribunal.
" has the meaning given by the
"abnormal trading
" has the meaning given by Subdivision&960-H.
"above-average special
professional income
" has the meaning given by section&405-15.
"acceptable amount
" of an instalment for an * instalment quarter has the meaning given by
section&45-232 in Schedule&1 to the Taxation Administration Act 1953
"accountable membership interest
" has the meaning given by section&208-30.
"accountable partial interest
" has the meaning given by section&208-35.
"account-based annuity
" has the meaning given by the Superannuation Industry (Supervision)
Regulations&1994 .
"accounting principles
" : A matter is in accordance with accounting principles if it is in
accordance with:
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(b)& if there are no accounting standards applicable to the
matter--authoritative pronouncements of the Australian Accounting Standards
Board that apply to the preparation of financial statements.
"accounting principles for tax cost setting
" has the meaning given by:
&&&&&&&&&&&&&&&&&&&&
(a)& &705-70(3); and
&&&&&&&&&&&&&&&&&&&&
(b)& &711-45(1A).
"accounting standards
" has the same meaning as in the
"accrued default
" has the meaning given by section&20B of the Superannuation Industry
(Supervision) Act 1993 .
"accrued leave transfer payment
" has the meaning given by &26-10(2).
"accumulated ABSTUDY SSL
" has the meaning given by section&9C of the Student Assistance Act 1973
"accumulated HELP debt
" has the meaning given by section&140-25 of the
"accumulated SSL debt
" has the meaning given by section&1061ZVEC of the Social Security Act
"accumulated TSL debt
" has the meaning given by section&35 of the Trade Support Loans Act 2014
"accumulation phase value
" of a * superannuation
has the meaning given by
&307-205(2).
"ACNC type of entity
" means an entity that meets the description of a type of entity in column 1
of the table in &25-5(5) of the Australian Charities and
Not-for-profits Commission Act 2012 .
&&&&&&&&&&&&&&&&&&&&
* CGT asset: you acquire a CGT asset (in its capacity as a CGT asset) in the
circumstances and at the time worked out under Division&109 (including
under a provision listed in Subdivision&109-B); and
Note:&&&&&& A CGT asset acquired before
20&September 1985&may be treated as having been acquired on or after
that day: see, for example, Division&149.
&&&&&&&&&&&&&&&&&&&&
(b)& an item of
* intellectual property: an entity does not acquire an item of intellectual
property merely because a licence relating to a patent, design or copyright is
surrendered to the entity.
"acquisition time
" has the meaning given by section&58-5.
"acquisition year
" has the meaning given by section&58-5.
"active asset
" has the meaning given by section&152-40.
"active foreign business
" of a company that is a foreign resident has the meaning given by
section&768-540.
"active foreign business asset percentage
" of a company has the meaning given by section&768-510.
participant
&&&&&&&&&&&&&&&&&&&&
* scheme under which there is a * direct value shift, has the meaning given by
&725-65(2); and
&&&&&&&&&&&&&&&&&&&&
* scheme under which there is an * indirect value shift, has the meaning given
by &727-530(3).
"actual cost method
" of working out the * value of a * registered emissions unit has the meaning
given by section&420-53.
" means a Fellow or Accredited Member of the Institute of Actuaries of
Australia.
"additional investment requirements for ESVCLPs
" has the meaning given by &118-428(1).
" (authorised deposit-taking institution) means a body corporate that is an
ADI for the purposes of the
"ADI equity capital
" of an entity at a particular time means the total of the following:
&&&&&&&&&&&&&&&&&&&&
(a)& all the entity's
&&&&&&&&&&&&&&&&&&&&
(b)& the total value of all the
* issued by the entity that satisfy all of the following:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& at that time, the
* on issue and have been on issue for 90
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& none of the
gives rise to any cost, at any time, that is
covered by &820-40(1)(a).
is treated as having satisfied subparagraph&(b)(i) at
that time if it was on issue at that time, and the total period for which it
remains on issue is 90 days or more.
"adjacent land
" has the meaning given by &118-120(2).
"adjacent structure
" has the meaning given by &118-120(6).
"adjustable value
&&&&&&&&&&&&&&&&&&&&
* depreciating asset, has the meaning given by section&40-85; and
&&&&&&&&&&&&&&&&&&
(ba)& of an asset, for the purposes of determining the consequences of a
choice under any of sections&715-100, 715-105, 715-125, 715-130 and
715-185, has the meaning given by section&715-145; and
&&&&&&&&&&&&&&&&&&&&
(b)& of an
* equity or loan :
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& for the purposes of determining the consequences of a
* direct value shift--has the meaning given by sections&725-240, 725-315
and 725-325; and
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& for the purposes of determining the consequences of an
* indirect value shift--has the meaning given by sections&727-830,
727-835 and 727-840.
"adjustable value method
" means the method (for determining the effect of * indirect value shifts) for
which Subdivision&727-H provides.
"adjusted assessed tax
" has the meaning given by section&45-375 in Schedule&1 to the
Taxation Administration Act 1953 .
"adjusted assessed taxable income
" has the meaning given by section&45-370 in Schedule&1 to the
Taxation Administration Act 1953 .
"adjusted available frankable profits
" has the meaning given by &215-25(2).
"adjusted average debt
" has the meaning given by sections&820-85, 820-120, 820-185 and 820-225.
"adjusted average equity capital
" has the meaning given by sections&820-300, 820-330, 820-589 and
820-613. adjusted Division&6 percentage
, in relation to a trust estate, has the same meaning as in Division&6 of
Part&III of the
"adjusted on-lent
" has the meaning given by sections&820-100, 820-200 and 820-210.
"adjusted tax
" on * adjusted taxable income or on * adjusted withholding income has the
meaning given by section&45-340 in Schedule&1 to the Taxation
Administration Act 1953 .
"adjusted taxable income
" has the meaning given by sections&45-330 and 45-480 in Schedule&1
to the Taxation Administration Act 1953 .
"adjusted taxable income for
" means adjusted taxable income for rebates within the meaning of
&6(1) of the Income Tax Assessment Act 1936 .
unrealised loss
" at an * alteration time for a company has the meaning given by
section&165-115U.
"adjusted withholding income
" has the meaning given by sections&45-335 and 45-485 in Schedule&1
to the Taxation Administration Act 1953 .
"adopted child
" of a person means someone the person has adopted:
&&&&&&&&&&&&&&&&&&&&
(a)& under a
* State law or * Territory law about
&&&&&&&&&&&&&&&&&&&&
(b)& under a
* foreign law about adoption of children, if the adoption would be recognised
as valid under a State law or Territory law.
"affected interest
&&&&&&&&&&&&&&&&&&&&
(a)& in the
* losing entity for an * indirect value shift, has the meaning given by
section&727-460; or
&&&&&&&&&&&&&&&&&&&&
(b)& in the
* gaining entity for an indirect value shift, has the meaning given by
section&727-465.
"affected owner
&&&&&&&&&&&&&&&&&&&&
* down , has the meaning given by section&725-80; and
&&&&&&&&&&&&&&&&&&&&
* up , has the meaning given by section&725-85; and
&&&&&&&&&&&&&&&&&&&&
(c)& for an
* indirect value shift, has the meaning given by section&727-530.
"affiliate
" has the meaning given by section&328-130.
" means an * .
" : this Act applies to some entities that are not agents in the same way as
it applies to agents: see section&960-105.
"aggregated turnover
" has the meaning given by section&328-115.
"Agriculture Department
" means the Department administered by the Minister administering the
"Agriculture Secretary
" means the Secretary of the * Agriculture Department.
"alienated personal
services payment
" has the meaning given by section&13-10 in Schedule&1 to the
Taxation Administration Act 1953 .
"All Groups Consumer Price Index number
" means the All Groups Consumer Price Index number (being the weighted average
of the 8 capital cities) published by the Australian Statistician.
"allocable
cost amount
" has the meaning given by section&705-60 and &711-20(1).
"allocated annuity
" means an * immediate annuity that satisfies the requirements of
subregulation&1.05(4) of the Superannuation Industry (Supervision)
Regulations.
"allocated pension
" means a * current pension that satisfies the requirements of
subregulation&1.06(4) of the Superannuation Industry (Supervision)
Regulations.
"allowable OB deduction
" has the meaning given by &121EF(2) of the Income Tax
Assessment Act 1936 .
"alteration time
&&&&&&&&&&&&&&&&&&&&
(a)& for a company has the meaning given by sections&165-115L,
165-115M, 165-115N, 165-115P, 165-115Q, 715-245, 715-250 and 719-725; and
&&&&&&&&&&&&&&&&&&&&
(b)& for a trust, has the meaning given by section&715-270.
(short for attribution managed investment trust" ) has the meaning given by
section&276-10.
"AMIT cost base increase amount
" has the meaning given by section&104-107E.
"AMIT cost base net amount
" has the meaning given by section&104-107C.
"AMIT cost base reduction
" has the meaning given by section&104-107D.
"AMIT DIR payment
" has the meaning given by section&12A-25 in Schedule&1 to the
Taxation Administration Act 1953 .
"AMIT dividend payment
" has the meaning given by section&12A-30 in Schedule&1 to the
"AMIT interest payment
" has the meaning given by section&12A-35 in Schedule&1 to the
Taxation Administration Act 1953 .
"AMIT member annual statement
" : see AMMA statement .
"AMIT royalty payment
" has the meaning given by section&12A-40 in Schedule&1 to the
"AMMA statement
(short for AMIT member annual statement" ) has the meaning given by
section&276-460.
" includes a nil amount.
"amount required to be withheld
" by an entity from a * withholding payment means:
&&&&&&&&&&&&&&&&&&&&
(a)& the amount that the entity must withhold from the payment under
Division&12 in Schedule&1 to the
&&&&&&&&&&&&&&&&&
(aaa)& the amount that Division&12A in that Schedule requires the
entity to pay to the Commissioner in re or
&&&&&&&&&&&&&&&&&&&
(aa)& the amount that Division&13 in that Schedule requires the
entity to pay to the Commissioner in respect of the
* alienated personal services payment to which the withholding payment
&&&&&&&&&&&&&&&&&&&&
(b)& the amount that Division&14 in that Schedule requires the
entity to pay to the Commissioner in respect of the
* non-cash benefit or * capital proceeds to which the withholding payment
or that amount as varied by the Commissioner under section&15-15 in the
"amount withheld
" by an entity from a * withholding payment means:
&&&&&&&&&&&&&&&&&&&&
(a)& an amount that the entity withheld from the payment under
Division&12 in Schedule&1 to the
&&&&&&&&&&&&&&&&&
(aaa)& an amount that the entity paid to the Commissioner under
Division&12A in that Schedule in re or
&&&&&&&&&&&&&&&&&&&
(aa)& an amount that the entity paid to the Commissioner under
Division&13 in that Schedule in respect of the
* alienated personal services payment to which the withholding payment
&&&&&&&&&&&&&&&&&&&&
(b)& an amount that the entity paid to the Commissioner under
Division&14 in that Schedule in respect of the
* non-cash benefit or *
capital proceeds to which the withholding payment relates.
"ancillary fund
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
* private ancillary fund.
"ancillary mining activities
" has the meaning given by section&40-740.
"annual global income
" has the meaning given by section&960-565.
"annual instalment component
" of your * tax position has the meaning given by section&45-610 in
Schedule&1 to the Taxation Administration Act 1953 .
"annual investment
income report
" means a report, relating to * Part&VA investments, that an entity is
required to give to the Commissioner, in respect of a * financial year, under
section&393-10 in Schedule&1 to the
"annual payer
" means an entity that has become an annual payer under section&45-140 in
Schedule&1 to the Taxation Administration Act 1953 , and has not since
ceased to be an annual payer under section&45-150 or 45-155 or former
section&45-180 in that Schedule.
"annual tax period election
" has the same meaning as in the * GST Act.
"annual turnover
" has the meaning given by section&328-120.
" includes:
&&&&&&&&&&&&&&&&&&&&
(a)& an annuity, within the meaning of the
&&&&&&&&&&&&&&&&&&&&
(b)& a pension, within the meaning of the
"annuity instrument
" means an instrument that secures the grant of an annuity (whether dependent
on the life of an individual or not).
"apartment building
" has the meaning given by section&43-95.
"applicable functional
" has the meaning given by section&960-70.
"applicable fund earnings
" has the meaning given by section&305-75.
"apportionable deductions
&&&&&&&&&&&&&&&&&&&&
(a)& amounts deducted or deductible under section&25-75 (which
provides a deduction for rates and land tax); or
&&&&&&&&&&&&&&&&&&&&
(b)& amounts deducted or deductible under section&30-15 because of
item&1, 2, 7 or 8 in the table in that section, except amounts deducted
or deductible for gifts of
* trading stock in cases where:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& the gifts are covered by section&70-90 (which has the effect
that the giver's assessable income includes the market value of the gift); and
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& no election has been made, or is made, under Subdivision&385-E
(which allows the giver to choose to spread the market value of a gift of live
stock over the giver's assessable income for 5 income years or to reduce the
amount included in the giver's assessable income by the cost of replacement
live stock).
"approved child care
" has the meaning given by section&61-475.
"approved child care fees
" has the meaning given by section&61-490.
"approved deposit fund
" has the meaning given by section&10 of the Superannuation Industry
(Supervision) Act 1993 .
"approved deposit fund payment
" has the meaning given by section&307-5.
"approved form
" has the meaning given by section&388-50 in Schedule&1 to the
"approved investment plan
" , of an * , has the meaning given by &13-15(2) of the
Venture Capital Act 2002 .
"approved management plan
" for land has the meaning given by section&40-640.
occupational clothing guidelines
" has the meaning given by &34-55(1).
"approved stock exchange
" means a stock exchange named in regulations made for the purposes of this
" means the Australian Prudential Regulation .
"area covered by an
international tax sharing treaty
" : if, under an * international tax sharing treaty, Australia and another
country share tax revenues from activities undertaken in an area identified by
or under the treaty, that area is an area covered by an international tax
sharing treaty .
"arm's length
" : in determining whether parties deal at arm's length , consider any
connection between them and any other relevant circumstance.
"arm's length
capital amount
&&&&&&&&&&&&&&&&&&&&
(a)& for an
* outward investing entity (ADI)--has the meaning given by
section&820-315; and
&&&&&&&&&&&&&&&&&&&&
(b)& for an
* inward investing entity (ADI)--has the meaning given by
section&820-410.
"arm's length conditions
" has the meaning given by section&815-125.
"arm's length debt amount
&&&&&&&&&&&&&&&&&&&&
(a)& for an
* outward investing entity (non-ADI)--has the meaning given by
section&820-105; and
&&&&&&&&&&&&&&&&&&&&
(b)& for an
* inward investing entity (non-ADI)--has the meaning given by
section&820-215.
"arm's length profits
" has the meaning given by section&815-225.
"arrangement
" means any arrangement, agreement, understanding, promise or undertaking,
whether express or implied, and whether or not enforceable (or intended to be
enforceable) by legal proceedings.
"arrangement payment
" has the meaning given by section&240-65.
"arrangement payment period
" has the meaning given by section&240-70.
"arrangement period
" for a * tax preferred use of an asset has the meaning given by
section&250-65.
"artistic support
" has the meaning given by &405-25(5).
"Arts Secretary
" means the Secretary of the Department administered by the * Arts Minister.
&&&&&&&&&&&&&&&&&&&&
(a)& a painting, sculpture, drawing, eng or
&&&&&&&&&&&&&&&&&&&&
(b)& a reproduc or
&&&&&&&&&&&&&&&&&&&&
(c)& property of a similar description or use.
" means the Australian Securities and Investments Commission.
"assessable
" has the meaning given by &155-5(2) in Schedule&1 to the
Taxation Administration Act 1953 .
"assessable film income
" for an income year is so much of the amount, or the sum of the amounts, to
which section&26AG of the Income Tax Assessment Act 1936 applies in
relation to you for the income year as is assessable income.
"assessable
" has the meaning given by sections&6-5, 6-10, 6-15, 17-10 and 17-30. For
the effect of GST-related amounts on assessable income, see Division&17.
Note:&&&&&&&&& For income years
before 1997-98, assessable income has the meaning given by section&6-3 of
"assessable non-primary production income
" has the meaning given by &392-85(2).
"assessable primary
production income
" has the meaning given by &392-80(2).
"assessable
professional income
" has the meaning given by &405-20(1).
"assessable recoupment
" has the meaning given by section&20-20. assessed Division&293 tax
means * Division&293 tax, as assessed under Schedule&1 to the
"assessed excess transfer balance tax
" means * excess transfer balance tax, as assessed under Schedule&1 to
"assessed GST
" has the meaning given by the * GST Act.
"assessed net amount
" has the meaning given by the * GST Act.
"assessed net fuel amount
" has the meaning given by the
"assessment
&&&&&&&&&&&&&&&&&&&&
(a)& of an
* assessable amount, means an ascertainment of t and
&&&&&&&&&&&&&&&&&&&&
(b)& in relation to a
* tax-related liability not covered by &(a), has the meaning
given by a * taxation law that provides for the assessment of the amount of
the liability.
Note:&&&&&&&&& The table lists
provisions of taxation laws that define assessment .
"assessment day
" for an income year of a * life insurance company has the meaning given by
section&219-45.
"asset-based income tax regime
" has the meaning given by section&830-105.
"asset included in the total
" of a company that is a foreign resident has the meaning given by
section&768-545.
"associate
" has the meaning given by section&318 of the Income Tax Assessment Act
1936 . Note:&&&&&&&&& Under
section&87-35, Australian government agencies, and certain parts of
Australian governments and , are not treated as associates for the
purposes of ascertaining whether an entity is conducting a personal services
"associated enterprises article
" has the meaning given by &815-15(5).
"associated government
&&&&&&&&&&&&&&&&&&&&
(a)& for the Commonwealth--each
of the C or
&&&&&&&&&&&&&&&&&&&&
(b)& for an
of the Commonwealth--each other
&&&&&&&&&&&&&&&&&&&&
(c)& for a State--each
of the S or
&&&&&&&&&&&&&&&&&&&&
(d)& for an
of a State--each other
of the S or
&&&&&&&&&&&&&&&&&&&&
(e)& for a Territory--each
of the T or
&&&&&&&&&&&&&&&&&&&&&
(f)& for an
of a Territory--each other
Territory.
"associate entity
" has the meaning given by section&820-905.
"associate entity debt
" has the meaning given by section&820-910.
"associate entity equity
" has the meaning given by section&820-915.
"associate entity excess
" has the meaning given by section&820-920.
"associate-inclusive control
" in a company has the meaning given by section&975-160.
"associate
" has the meaning given by section&820-905.
" has the meaning given by section&118-430.
"attributable income
" has the meaning given by Division&7 of Part&X of the
"attributable taxpayer
" has the meaning given by Part&X of the
"attribution managed investment trust
" : see AMIT .
"attribution percentage
" , in relation to a * CFC or a * CFT, has the meaning given by Part&X of
"audited consolidated financial
statements
" for an entity for a period has the meaning given by section&820-935.
"auditing principles
" : a matter is in accordance with auditing principles if it is in accordance
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(b)& if there are no auditing standards applicable to the
matter--authoritative pronouncements of the Auditing and Assurance Standards
Board that apply to the preparation of financial statements.
"auditing standard
" has the same meaning as in the
"Australia
" has the meaning affected by section&960-505.
"Australian Business
" means the Australian Business Register established and maintained under the
"Australian Business
" means the Registrar of the * Australian Business Register.
"Australian
carbon credit unit
" has the same meaning as in the
"Australian controlled
foreign entity
" has the meaning given by section&820-745.
"Australian controller
&&&&&&&&&&&&&&&&&&&&
* controlled foreign company mentioned in &820-745(a)--has the
meaning given by section&820-750; and
&&&&&&&&&&&&&&&&&&&&
* controlled foreign trust--has the meaning given by section&820-755; and
&&&&&&&&&&&&&&&&&&&&
* controlled foreign corporate limited partnership--has the meaning given by
section&820-760.
"Australian corporate tax entity
" : an entity is an Australian corporate tax entity at a particular time if
the entity is:
&&&&&&&&&&&&&&&&&&&&
* corporate tax and
&&&&&&&&&&&&&&&&&&&&
(b)& for a company or a
* corporate limited partnership--an Australian r and
&&&&&&&&&&&&&&&&&&&&
(c)& for a
* public trading trust--a * resident unit trust for the income year in which
that time occurs.
"Australian entity
" has the same meaning as in Part&X of the
"Australian financial market
" means a financial market (within the meaning of Chapter&7 of the
Corporations Act 2001 ) operating under an Australian market licence granted
under &795B(1) of that Act.
"Australian financial services
" has the meaning given by section&761A of the Corporations Act 2001 .
"Australian fund
" has the meaning given by section&74 of the Life Insurance Act 1995 .
"Australian government agency
&&&&&&&&&&&&&&&&&&&&
(a)& the Commonwealth, a State or a T or
&&&&&&&&&&&&&&&&&&&&
of the Commonwealth or of a State or a Territory.
"Australian law
" means a * Commonwealth law, a * State law or a * Territory law.
"Australian
legislature
&&&&&&&&&&&&&&&&&&&&
(a)& the Parliament of the Commonwealth of A or
&&&&&&&&&&&&&&&&&&&&
(b)& the Parliament of a S or
&&&&&&&&&&&&&&&&&&&&
(c)& the Legislative Assembly for the Australian Capital T or
&&&&&&&&&&&&&&&&&&&&
(d)& the Legislative Assembly of the Northern Territory of Australia.
"Australian/overseas fund
" has the meaning given by section&74 of the Life Insurance Act 1995 .
"Australian permanent establishment
" , of an entity, means a * permanent establishment of the entity that is in
Australia.
"Australian resident
" means a person who is a resident of Australia for the purposes of the
"Australian source
" : * ordinary income or * statutory income has an Australian source if, and
only if, it is * derived from a source in Australia for the purposes of the
"Australian-sourced amount
" has the meaning given by the regulations mentioned in section&312-5
(about trans-Tasman portability of retirement savings).
"Australian
superannuation fund
" has the meaning given by section&295-95.
"Australian trust
" has the same meaning as in Part&X of the
"Australian venture capital fund of funds
" has the meaning given by &118-410(3).
"authorised ASIO
" has the meaning given by section&355-70 in Schedule&1 to the
Taxation Administration Act 1953 .
"authorised law enforcement agency officer
" has the meaning given by section&355-70 in Schedule&1 to the
Taxation Administration Act 1953 .
"available expense
" has the meaning given by section&175-30.
"available fraction
" for a * bundle of losses has the meaning given by sections&707-320,
719-310 and 719-315.
"available frankable profits
" has the meaning given by section&215-20 and affected by
&215-25(1).
"available income
" has the meaning given by section&175-30.
"available loss exposure
" has the meaning given by &830-50(1)(a).
"average equity
" has the meaning given by sections&820-395, 820-420 and 820-615 .
"average income
" has the meaning given in &392-45(1).
"average taxable
professional income
" has the meaning given by &405-50(1) and (2).
"averaging
adjustment
" has the meaning given in section&392-75.
"averaging component
" has the meaning given in &392-90(1).
"award transport
" has the meaning given by section&900-220.
"balancing adjustment event
" has the meaning given by section&40-295.
"BAS amount
" means any debt or credit that arises directly under the * BAS provisions.
Note:&&&&&&&&& BAS stands for
Business Activity Statement.
"base assessment
" has the meaning given by sections&45-320 and 45-470 in Schedule&1
to the Taxation Administration Act 1953 .
"base interest rate
" has the meaning given by section&8AAD of the Taxation Administration
Act 1953 .
"base penalty amount
" : the base
amount for calculating the amount of an administrative
is worked out under the relevant provision in this table: &
"base value
" , of a * depreciating asset, has the meaning given by
&40-70(1).
"base year
&&&&&&&&&&&&&&&&&&&&
(a)& for an entitlement to a
* tax offset under Subdivision&61-I--has the meaning given by
sections&61-430 and 61-450; and
&&&&&&&&&&&&&&&&&&&&
(b)& in relation to an income year--has the meaning given by
sections&45-320 and 45-470 in Schedule&1 to the Taxation
Administration Act 1953 .
"basic assessable income
" has the meaning given by &392-45(2).
"basic concessional
contributions cap
" means the concessional contributions cap under &291-20(2),
disregarding any increase under &291-20(3).
"basic rates
" has the meaning given by &392-35(4).
"basic taxable income
" has the meaning given by section&392-15.
"BAS provisions
&&&&&&&&&&&&&&&&&&&&
(a)& Part&VII of the
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(c)& Parts&2-5 and 2-10 in Schedule&1 to the
(which are about the PAYG system); and
&&&&&&&&&&&&&&&&&&&&
(d)& Division&389 in Schedule&1 to the
&&&&&&&&&&&&&&&&&&&&
Note:&&&&&&&&& BAS stands for
Business Activity Statement.
"behaviour that is harmful or abusive
" means one or more of the following:
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(e)& self-
&&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(g)& harmful gambling.
"benchmark franking percentage
" has the meaning given by section&203-30.
"benchmark instalment rate
" has the meaning given by sections&45-360 and 45-530 in Schedule&1
to the Taxation Administration Act 1953 .
"benchmark rate of return
has the meaning given by section&974-145.
"benchmark
" is the rule in section&203-25.
"benchmark tax
" has the meaning given by sections&45-365 and 45-535 in Schedule&1
to the Taxation Administration Act 1953 .
"bereavement Subdivision
" has the meaning given by section&52-20.
"bid period
" has the meaning given by section&9 of the Corporations Act 2001 .
"borrowed securities amount
" of an entity at a particular time means the total of the liabilities of the
entity, to the extent that they meet these conditions:
&&&&&&&&&&&&&&&&&&&&
(a)& the value of the liability at that time is worked out by reference
to the value at that time of securities that the e
&&&&&&&&&&&&&&&&&&&&
(b)& as at that time, the entity has settled the sale using securities it
acquired under one or more of these
* arrangements:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& a reciprocal purchase agreement (otherwise known as a repurchase
agreement);
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& a sell-
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(iii)& a securities loan arrangement.
"borrowing
" means any form of borrowing, whether secured or unsecured, and includes the
raising of funds by the issue of a bond, debenture, discounted security or
other document evidencing indebtedness.
"bribe to a foreign public official
" has the meaning given by section&26-52.
"bribe to a public official
" has the meaning given by section&26-53.
" of losses has the meaning given by section&707-315.
" includes any profession, trade, employment, vocation or calling, but does
not include occupation as an employee.
"business day
" means a day other than:
&&&&&&&&&&&&&&&&&&&&
(a)& a Saturday or a S or
&&&&&&&&&&&&&&&&&&&&
(b)& a day which is a public holiday for the whole of:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& any S or
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& the Australian Capital T or
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(iii)& the Northern Territory.
"business kilometres
" has the meaning given by sections&28-25 and 28-90.
"business meeting
" has the meaning given by &32-65(3) and (4).
profits article
" has the meaning given by &815-15(6).
"business travel
" has the meaning given by section&900-95.
"business use percentage
" has the meaning given by section&28-90.
"capital allowance
" means a deduction under:
&&&&&&&&&&&&&&&&&&&&
(a)& Division&40 (capital allowances) of this A or
&&&&&&&&&&&&&&&&&&
(ab)& Division&43 (capital works) of this A or
&&&&&&&&&&&&&&&&&&&
(ac)& Subdivision&328-D (capital allowances for small business
entities) of this A or
&&&&&&&&&&&&&&&&&&&&
(d)& former Division&10BA of Part&III of that Act (Australian
films); or
&&&&&&&&&&&&&&&&&&&&
(e)& former Division&10B of Part&III of that Act (copyright in
Australian films).
"capital gain
" : for each * CGT event a capital gain is worked out in the way described in
that event. Note 1:&&&&&& There are some CGT
events for which there is no capital gain.
Note 2:&&&&&& For income years before 1998-99,
capital gain has the meaning given by section&102-20 of the
"capital loss
" : for each * CGT event a capital loss is worked out in the way described in
that event. Note 1:&&&&&& There are some CGT
events for which there is no capital loss.
Note 2:&&&&&& For income years before 1998-99,
capital loss has the meaning given by section&102-20 of the
"capital proceeds
" has the meaning given by Division&116.
"capital protected borrowing
" has the meaning given by section&247-10.
"capital protection
" has the meaning given by section&247-10.
"capital stake
" has the meaning given by section&166-235.
"capped defined benefit
income stream
" has the meaning given by section&294-130.
"capped life
" of a * depreciating asset has the meaning given by section&40-102.
" means a * motor vehicle (except a motor cycle or similar vehicle) designed
to carry a load of less than 1 tonne and fewer than 9 passengers.
sequestration
" has the meaning given by section&40-1015.
"car expense
" has the meaning given by section&28-13.
"car fringe benefit
" has the meaning given by &136(1) of the Fringe Benefits Tax
Assessment Act 1986 .
"car limit
" has the meaning given by section&40-230.
"carried interest
&&&&&&&&&&&&&&&&&&&&
* general partner in a * , an *
or an * --has the meaning given
by &104-255(4) and (6); and
&&&&&&&&&&&&&&&&&&&&
* limited partner in a * VCMP--has the meaning given by
&104-255(5) and (6).
"carry-forward trust component deficit
" , of a particular character, has the meaning given by section&276-330.
"carrying on
" an * enterprise includes doing anything in the course of the commencement or
termination of the enterprise.
"cash management trust
" means a trust that satisfies these requirements:
&&&&&&&&&&&&&&&&&&&&
(a)& the trust is of a kind commonly known as a c
&&&&&&&&&&&&&&&&&&&&
(b)& each unit in the trust carries the same rights as every other unit
in the trust.
"cash settlable
" has the meaning given by &230-45(2).
"cessation event
" , in relation to a * provisional head company of a * MEC group, has the
meaning given by &719-60(6).
" has the meaning given by Part&X of the
" has the meaning given by section&342 of the Income Tax Assessment Act
"CGT asset
" has the meaning given by section&108-5.
"CGT cap amount
" has the meaning given by section&292-105.
"CGT concession stakeholder
" has the meaning given by &152-60.
"CGT event
" means any of the CGT events described in Division&104. A CGT event
described by number (for example: CGT event A1 ) refers to the relevant event
in that Division.
"CGT exempt amount
" has the meaning given by section&152-315.
"CGT retirement exemption
" has the meaning given by section&152-320.
"CGT small business entity
" has the meaning given by &152-10(1AA).
"chain of trusts
" has the meaning given by section&104-71.
"changeover time
" for a company has the meaning given by sections&165-115C, 165-115D and
" : without limiting who is a child of an individual, each of the following is
the child of an individual:
&&&&&&&&&&&&&&&&&&&&
(a)& the individual's
* adopted child, stepchil
&&&&&&&&&&&&&&&&&&&&
(b)& a child of the individual's
&&&&&&&&&&&&&&&&&&&&
(c)& someone who is a child of the individual within the meaning of the
"child care base week
" has the meaning given by section&61-470.
"child care offset limit
" has the meaning given by section&61-495.
"child event
" has the meaning given by section&61-360.
"child recipient
" of a * superannuation income stream has the meaning given by
section&294-175.
" of a taxable income or a * tax loss of a * life insurance company has the
meaning given by section&320-133.
" : * membership
in a company or trust form a class if the
have the same, or substantially the same, rights.
"clean building
" has the meaning given by section&12-430 in Schedule&1 to the
Taxation Administration Act 1953 .
"clean building managed investment trust
" has the meaning given by section&12-425 in Schedule&1 to the
Taxation Administration Act 1953 .
"Climate Change Minister
" means the Minister administering the
"Climate Change Secretary
" means the Secretary of the Department administered by the * Climate Change
"closing pool balance
" has the meaning given by:
&&&&&&&&&&&&&&&&&&&&
(a)& for a low-value pool--section&40-440; or
&&&&&&&&&&&&&&&&&&&&
(b)& for a
* general small business pool--section&328-200.
"closing pool value
" has the meaning given by section&40-830.
"collectable
" has the meaning given by section&108-10.
"commencing day
" of a * CFC has the meaning given by section&406 of the Income Tax
Assessment Act 1936 .
"commencing day asset
" of a * CFC has the meaning given by section&406 of the Income Tax
Assessment Act 1936 .
"commercial horticulture
" has the meaning given by 40-535.
"Commissioner
" means the Commissioner of Taxation.
Note:&&&&&&&&& The office of
Commissioner of Taxation is created by section&4 of the Taxation
Administration Act 1953 .
"Commissioner's instalment rate
" has the meaning given by section&45-115 in Schedule&1 to the
Taxation Administration Act 1953 .
"committed capital
" of a partnership has the meaning given by section&118-445.
" : see under common ownership .
"common-ownership nexus
" : see section&727-400.
"common stake
" has the meaning given by sections&124-783 and 124-783A.
stakeholder
" has the meaning given by section&124-783.
"Commonwealth education or
training payment
" has the meaning given by &52-145(1).
"Commonwealth labour
market program
" has the meaning given by &52-145(2).
"Commonwealth law
" means a law of the Commonwealth.
"Commonwealth of Nations
country " means:
&&&&&&&&&&&&&&&&&&&&
(a)& a foreign country that is a member of the Commonwealth of N
&&&&&&&&&&&&&&&&&&&&
(b)& a colony, overseas territory or protector or
&&&&&&&&&&&&&&&&&&&&
(c)& a territory for whose international relations such a member is
other than one declared by the regulations not to be a Commonwealth of Nations
"Commonwealth public sector superannuation scheme
" has the same meaning as in the
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(b)& any other unincorporated associatio
but does not include a partnership or a
* non-entity joint venture.
Note 1:&&&&&& Division&830 treats foreign
hybrid companies as partnerships.
Note 2:&&&&&& A reference to a company includes
a reference to a corporate limited partnership: see section&94J of the
Income Tax Assessment Act 1936 .
"company's share
&&&&&&&&&&&&&&&&&&&&
(a)& of a partnership's
* notional loss or * notional net income--has the meaning given by
sections&165-80 and 165-85; and
&&&&&&&&&&&&&&&&&&&&
(b)& of a partnership's
* full year deductions--has the meaning given by sections&165-90.
"comparison rate
" has the meaning given by section&392-55.
"compensable work-related
" has the meaning given by &136(1) of the Fringe Benefits Tax
Assessment Act 1986 .
"completed
" , in relation to a * film, has the meaning given by
&376-55(2).
"complying approved deposit fund
" means a complying approved deposit fund within the meaning of
section&47 of the Superannuation Industry (Supervision) Act 1993 .
"complying health insurance policy
" has the meaning given by the
"complying
superannuation asset
" has the meaning given by &320-170(6).
"complying
superannuation asset pool
" has the meaning given by &320-170(6).
"complying
superannuation class
&&&&&&&&&&&&&&&&&&&&
(a)& for a taxable income of a
* life insurance company--has the meaning given by section&320-137; or
&&&&&&&&&&&&&&&&&&&&
(b)& for a
* tax loss of a * life insurance company--has the meaning given by
section&320-141.
"complying superannuation entity
&&&&&&&&&&&&&&&&&&&&
* complying or
&&&&&&&&&&&&&&&&&&&&
* complying a or
&&&&&&&&&&&&&&&&&&&&
* pooled superannuation trust.
"complying superannuation fund
" means a complying superannuation fund within the meaning of section&45
of the Superannuation Industry (Supervision) Act 1993 .
"complying
superannuation liabilities
" of a * life insurance company means liabilities of the company under * life
insurance policies referred to in &320-190(1).
"complying
superannuation life insurance policy
" means a * life insurance policy that:
&&&&&&&&&&&&&&&&&&&&
(a)& is held by:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& the trustee of a fund that is a
* complying superannuation fund or a *
complying a or
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& the trustee of a
&&&&&&&&&&&&&&&&&&&&
(b)& is held by an individual and:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& provides for an
annuity that is not presently payable, if the annuity was purchased out of
a * superannuation lump sum or an * employment or
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ia)& provides for an
immediate annuity, if the annuity is a * superannuation income stream that
is not in the
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& is so held in the benefit fund of a
* friendly society, being a fund that is a *
regulated or
&&&&&&&&&&&&&&&&&&&&
(c)& is held by another
* life insurance company and is a * complying superannuation asset of that
and is not an
* excluded complying superannuation life insurance policy.
"complying superannuation plan
&&&&&&&&&&&&&&&&&&&&
* complying or
&&&&&&&&&&&&&&&&&&&&
* public sector superannuation scheme that is:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
regulated or
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& an exempt public sector superannuation scheme (within the meaning
of section&10 of the Superannuation Industry (Supervision) Act 1993 ); or
&&&&&&&&&&&&&&&&&&&&
* complying a or
&&&&&&&&&&&&&&&&&&&&
"component
" of your * tax position has the meaning given by section&45-610 in
Schedule&1 to the Taxation Administration Act 1953 .
"concessional
contributions
" has the meaning given by sections&291-25 and 291-165.
"concessional
contributions cap
" has the meaning given by section&291-20.
"conduit foreign income
" has the meaning given by Subdivision&802-A.
"connected entity
" of an entity means:
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(b)& another member of the same
* wholly owned group if the entity is a company and is a member of such a
"connected with
" : an entity is connected with you in the circumstances described in
section&328-125.
Note:&&&&&&&&& This meaning is
affected by section&152-78.
"connecting power to land or upgrading the connection
" has the meaning given by section&40-655.
"conservation covenant
" has the meaning given by section&31-5.
"consideration receivable
&&&&&&&&&&&&&&&&&&&&
(a)& consideration receivable on the disposal of a leased
car has the meaning given by section&20-115; and
&&&&&&&&&&&&&&&&&&&&
(b)& consideration receivable for
* trading stock changing hands has the meaning given by
&70-100(11).
"consolidatable group
" has the meaning given by section&703-10.
"consolidated group
" has the meaning given by section&703-5. Note
1:&&&&&& Part&3-90 contains rules relating
to the tax treatment of consolidated groups. Division&719 (of that Part)
applies those rules to MEC groups with modifications (see section&719-2).
Note 2:&&&&&& Provisions in the
and in the
(other than in Part&3-90) referring only to consolidated groups do not
apply to MEC groups.
"consolidation transitional year
" for a * member of a * consolidated group or a member of a * MEC group, is an
income year for that member that satisfies both of the following conditions:
&&&&&&&&&&&&&&&&&&&&
(a)& the group is in existence during all or a
&&&&&&&&&&&&&&&&&&&&
(b)& Subdivision&45-Q in Schedule&1 to the
(including that Subdivision as applied under
Subdivision&45-S in that Schedule):
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& does not apply at all to the
* head company or the * provisional head company of the group during that
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& starts to apply at any time during that year to the head company or
the provisional head company of the group because of &45-705(2)
or subparagraph&45-705(3)(c)(ii), (4)(d)(ii) or (iv), or
&45-915(2) or subparagraph&45-915(3)(c)(ii), (4)(b)(ii) or
(iv), in that Schedule.
"constitution
" of a company means the memorandum and articles of association of the
company, or any other rules or document constituting the company or governing
its activities.
"constitutional corporation
&&&&&&&&&&&&&&&&&&&&
(a)& a corporation to which &51(xx) of the Constitution
&&&&&&&&&&&&&&&&&&&&
(b)& a body corporate that is incorporated in a Territory.
"constitutionally protected fund
" means a fund that is declared by the regulations to be a constitutionally
protected fund.
"construction expenditure
" has the meaning given by section&43-70.
"construction expenditure area
" has the meaning given by section&43-75.
"contingent on aspects of the
economic performance
" has the meaning given by section&974-85.
"continuing shareholders
" has the meaning given by sections&175-10, 175-20, 175-25, 175-45,
175-60, 175-65 and 175-85.
"continuous disability policy
" has the meaning given by section&9A of the Life Insurance Act 1995 .
"contract of reinsurance
" , in respect of * life insurance policies, does not include a contract of
reinsurance in respect of:
&&&&&&&&&&&&&&&&&&&&
(a)& the parts of
* complying superannuation life insurance policies in respect of which the
liabilities of the company that issued the policies are to be discharged out
of a * complying super or
&&&&&&&&&&&&&&&&&&&&
(b)& policies that are
* exempt life insurance policies.
"contributions segment
" has the meaning given by section&307-220.
"contributions-splitting
superannuation benefit
" has the meaning given by the regulations.
"control a non-fixed trust
" has the meaning given by Subdivision&269-E in Schedule&2F to the
"control (for value shifting purposes)
" has the meaning given by sections&727-355, 727-360, 727-365 and
"controlled foreign company
" has the same meaning as in Part&X of the
"controlled foreign corporate limited
partnership
" has the meaning given by section&820-760 .
"controlled foreign entity
" has the meaning given by section&820-885.
"controlled foreign entity
" has the meaning given by section&820-890.
"controlled foreign trust
" has the same meaning as in Part&X of the
"controller (for CGT purposes)
" : an entity is a controller (for CGT purposes) of a company in the
circumstances mentioned in section&975-155.
"controller (for imputation
" has the meaning given by &207-130(5) and (6).
"convertible
" means a convertible
in a company or in a trust or unit trust and:
&&&&&&&&&&&&&&&&&&&&
(a)& a convertible
in a company is an
of the kind
referred to in item&4 of the table in &974-75(1); and
&&&&&&&&&&&&&&&&&&&&
(b)& a convertible
in a trust or unit trust is an
has the same or a similar effect in relation to the trust or unit trust.
"convertible note
&&&&&&&&&&&&&&&&&&&&
(a)& a convertible note of a company has the meaning given by
section&82L of the Income Tax Assessment Act 1936 ; and
&&&&&&&&&&&&&&&&&&&&
(b)& a convertible note of a trust or unit trust means a note that has
the same or a similar effect in relation to the trust or unit trust.
"co-operative company
" has the same meaning as in Division&9 of Part&III of the
"copyright collecting society
" means either of the following bodies:
&&&&&&&&&&&&&&&&&&&&
(a)& a body that satisfies all of the following conditions:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& a declaration under the
is in force in respect of
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& the body is a company whose
* constitution contains provisions about the distribution of amounts collected
or * derived by it, including a requirement that a * member of the society
cannot direct the body to pay an amount
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(iii)& other conditions prescribed by the regulations (if any) for the
purposes of this
&&&&&&&&&&&&&&&&&&&&
(b)& a company that satisfies all of the following conditions:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& the company is incorporated under an
* Australian law r
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& the company has and maintains the purpose of collective
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(iii)& if the company has other purposes--these purposes are incidental
to the purpose described in subparagraph&(ii) or, if the company is the
* resale royalty collecting society, relate to the company's functions or
duties as resale royalt
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(iv)& the company collects or derives, and distributes, income of a kind
mentioned in &51-43(2)(a) or (b);
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(v)& the company's constitution allows any copyright owner, or his or her
* agent, to be a member of the society, or allows all copyright owners of a
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(vi)& the company's constitution prohibits the payment of
&&&&&&&&&&&&&&&&&&&&&&&&&&
(vii)& the company's constitution contains provisions about the payment,
out of amounts collected or derived by it, of the administrative costs of
&&&&&&&&&&&&&&&&&&&&&&&&&
(viii)& the company's constitution contains provisions about the
distribution of amounts collected or derived by it, including a requirement
that an amount must be paid to a member as soon as is reasonably possible
after the allocation of the amount to the member, as well as a requirement
that a member cannot direct the company to pay an amount
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ix)& the company's constitution, or contracts with members, contains
such other provisions as are prescribed by the regulations (if any), being
provisions necessary to ensure that the
of members or their agents
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(x)& the company's constitution requires the company to hold amounts on
trust for copyright owners who are not members, or for members pending the
&&&&&&&&&&&&&&&&&&&&&&&&&&&
(xi)& the company's constitution, or contracts with members, allows all
members to access the company'
&&&&&&&&&&&&&&&&&&&&&&&&&&
(xii)& other conditions prescribed by the regulations (if any) for the
purposes of this subparagraph are met.
core R&D activities
has the meaning given by section&355-25.
"core shipping activities
" has the meaning given by section&51-110.
"corporate change
" has the meaning given by section&166-175.
"corporate limited
partnership
" has the meaning given by section&94D of the Income Tax Assessment Act
"corporate tax entity
" has the meaning given by section&960-115.
"corporate tax gross-up rate
" , of an entity for an income year, means the amount worked out using the
following :
"corporate tax rate
&&&&&&&&&&&&&&&&&&&&
(a)& in relation to a company to which &23(2)(a) of the
Income Tax Rates Act 1986 applies--means the rate of tax in respect of the
taxable income of a comp or
&&&&&&&&&&&&&&&&&&&&
(b)& in relation to another entity--means the rate of tax in respect of
the taxable income of a company covered by &23(2)(b) of that
"corporate tax rate for imputation purposes
" , of an entity for an income year, means:
&&&&&&&&&&&&&&&&&&&&
(a)& unless &(b) applies--the entity's
* corporate tax rate for the income year, worked out on the assumption that
the entity's * aggregated turnover for the income year is equal to its
aggregated turnover for the
&&&&&&&&&&&&&&&&&&&&
(b)& if the entity did not exist in the previous income year--the rate of
tax in respect of the taxable income of a company covered by
&23(2)(a) of the Income Tax Rates Act 1986 .
&&&&&&&&&&&&&&&&&&&&
(a)& cost of a
* depreciating asset has the meaning given by Subdivision&40-C; and
&&&&&&&&&&&&&&&&&&&&
(b)& cost of an item of
* trading stock, in the case of an animal that you acquired by natural
increase, has the meaning given by section&70-55; and
Note:&&&&&& The cost of an animal acquired by
natural increase before the 1997-98 income year is the cost price of the
animal under former section&34 of the Income Tax Assessment Act 1936 .
See &70-55(2) of the Income Tax (Transitional Provisions) Act
&&&&&&&&&&&&&&&&&&&&
(c)& cost of a
* registered emissions unit has the meaning given by section&420-60.
"cost base
" of a * CGT asset has the meaning given by Subdivision&110-A.
"cost-free debt capital
" has the meaning given by section&820-946.
"COT transfer
" of a loss has the meaning given by section&707-210.
"CRC program
" means the program administered by the Commonwealth known as the Cooperative
Research Centres Program.
&&&&&&&&&&&&&&&&&&&&
* consolidated group is created from a * MEC group if the consolidated group
comes into existence under section&703-55 at the time the MEC group
ceases to exist (as mentioned in that section); and
&&&&&&&&&&&&&&&&&&&&
(b)& a MEC group is created from a consolidated group if:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(i)& the MEC group comes into existence under section&719-40 when a
* special conversion event happens to a * potential MEC group derived from an
* eligible tier-1 company of a
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
(ii)& the eligible tier-1 company was the
* head company of the consolidated group (as mentioned in
&719-40(1)(b)).
"creditable acquisition
" has the meaning given by section&195-1 of the * GST Act.
"creditable
importation
" has the meaning given by section&195-1 of the * GST Act.
"creditable
" has the meaning given by section&195-1 of the * GST Act.
absorption tax
" has the meaning given by section&770-15.
"cross-character allocation
" , of a particular character, has the meaning given by section&276-330.
"Crown lease
" has the meaning given by section&124-580.
" (short for Common Reporting Standard) has the meaning given by
&396-110(1) in Schedule&1 to the Taxation Administration
Act 1953 .
"CRS Commentary
" has the meaning given by &396-110(2) in Schedule&1 to
the Taxation Administration Act 1953 . crystallised pre-July 83 amount
, in relation to a * superannuation , means the amount mentioned in
&307-225(2)(e) in relation to the .
"crystallised
reduction amount
" has the meaning given by section&136-10 in Schedule&1 to the
"crystallised segment
" has the meaning given by section&307-225.
"cultural organisation
" has the meaning given by section&30-300.
"currency exchange rate
" has the meaning given by section&775-105.
"current GST turnover
" has the meaning given by section&195-1 of the * GST Act.
" means a pension that has begun to be paid.
"current termination value
" of a * life insurance policy, or of the * net risk component of a life
insurance policy, has the meaning given in prudential standards made under
section&230A of the Life Insurance Act 1995 .
"current year
" means the income year for which you are working out your assessable income,
deductions and * tax offsets.
"custodian
" has the meaning given by section&12-390 in Schedule&1 to the
Taxation Administration Act 1953 .
"customs dealing
" has the meaning given by the * Wine Tax Act.
"dad and partner pay
" has the meaning given by the
"datacasting
transmitter licence
" has the meaning given by section&5 of the Radiocommunications Act 1992
"date of the settlement or order
" , for a * structured settlement or a * structured order, has the meaning
given by section&54-5.
"death benefits dependant
" has the meaning given by section&302-195.
"death benefit termination
" has the meaning given by &82-130(3).
"debenture
" of a company or unit trust includes debenture stock, bonds, notes and any
other securities of the company or trust, whether or not constituting a charge
on its assets.
"debit value
" , of a * superannuation
that supports an income stream that is, or
was at any time, a * capped defined benefit income stream, has the meaning
given by section&294-145.
"debt account discharge liability
" has the meaning given by section&133-120 in Schedule&1 to the
"debt capital
" , of an entity and at a particular time, means any * debt
by the entity that are still * on issue at that time.
"debt deduction
" has the meaning given by section&820-40.
"debt interest
" in an entity has the meaning given by Subdivision&974-B.
"debt-like
trust instrument
" has the meaning given by section&276-505.
"debt property
" has the meaning given by section&243-30.
"decrease time
" for a * direct value shift has the meaning given by section&725-155.
"decreasing adjustment
" has the meaning given by section&195-1 of the * GST Act.
" has the meaning given by sections&8-1 and 8-5.
"deductible gift
" has the meaning given by section&30-227.
"deduction
" means an amount that you can deduct.
Note:&&&&&&&&& For income years
before 1997-98, deduction has the meaning given by section&8-3 of the
"deduction year
" has the meaning given by section&170-20.
"default commutation notice
" has the meaning given by section&136-10 in Schedule&1 to the
"Defence Minister
" means the Minister administering section&1 of the Defence Act 1903 .
"Defence Secretary
" means the Secretary of the Department administered by the * Defence
"deferral reversal
" , for a * superannuation , has the meaning given by
section&133-25 in Schedule&1 to the Taxation Administration Act 1953
"deferred BAS payer
" , at a particular time, means an entity that has an obligation to notify the
Commissioner of a * BAS amount at that time, other than:
&&&&&&&&&&&&&&&&&&&&
(a)& an entity that has an obligation at that time to give the
Commissioner a
GST return for a monthly *
&&&&&&&&&&&&&&&&&&&&
(b)& an entity whose obligation to notify a BAS amount at that time
relates only to one or more of the following:
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
amount withheld by a * medium withholder or a
&&&&&&&&&&&&&&&&&&&&&&&&&&&&
* PAYG instalment of an * annual payer.
Note:&&&&&&&&& You are therefore
a deferred BAS payer if you have an obligation to give the Commissioner a GST
return for a quarterly tax period or if you are a GST instalment payer within
the meaning of the GST Act.
"deferred roll-over gain
" : an asset has a deferred roll-over gain at a particular time if:
&&&&&&&&&&&&&&&&&&&&
(a)& before that time there was a roll-over under a provision or former
provision of this Act in relation to a disposal or a
* CGT event that happened in r and
&&&&&&&&&&&&&&&&&&&&
(b)& as a result of the roll-over all or part of a
* capital gain from the disposal or CGT event was disregarded.
The amount of the deferred roll-over gain is equal to the amount of the
capital gain that was disregarded, reduced by the amount (if any) by which the
gain has been taken into account in working out a
* net capital gain (section&102-5) or * net capital loss
(section&102-10) in relation to the asset between the roll-over time and
the particular time.
"deferred roll-over loss
" : an asset has a deferred roll-over loss at a particular time if:
&&&&&&&&&&&&&&&&&&&&
(a)& before that time there was a roll-over under a provision or former
provision of this Act in relation to a disposal or a
* CGT event that happened in r and
&&&&&&&&&&&&&&&&&&&&
(b)& as a result of the roll-over all or part of a
* capital loss from the disposal or CGT event was disregarded.
The amount of the deferred roll-over loss is equal to the amount of the
capital loss that was disregarded, reduced by the amount (if any) by which the
loss has been taken into account in working out a
net capital gain (section&102-5) or * net capital loss
(section&102-10) in relation to the asset between the roll-over time and
the particular time.
"deferred superannuation income stream
" has the meaning given by the Superannuation Industry (Supervision)
Regulations&1994.
"deferred to a debt account
" , for a * superannuation , in relation to * assessed
Division&293 tax, has the meaning given by section&133-10 in
Schedule&1 to the Taxation Administration Act 1953 .
&&&&&&&&&&&&&&&&&&&&
(a) & section&205-40 sets out when a
* franking a and
&&&&&&&&&&&&&&&&&&&&
(b)& section&208-125 sets out when an
* exempting a and
&&&&&&&&&&&&&&&&&&&&
(c)& section&210-130 sets out when a
* venture capital sub-account is in deficit.
"defined benefit contributions
" has the meaning given by sections&293-115, 293-150 and 293-195.
"defined benefit income
" has the meaning given by section&303-2.
"defined benefit income cap
" has the meaning given by section&303-4.
"defined benefit interest
" has the meaning given by section&291-175.
"defined benefit tax
" has the meaning given by section&133-15 in Schedule&1 to the
"demerged entity
" has the meaning given by section&125-70.
" has the meaning given by section&125-70.
"demerger dividend
" has the meaning given by &6(1) of the Income Tax Assessment
Act 1936 .
"demerger group
" has the meaning given by section&125-65.
"demerger subsidiary
" has the meaning given by section&125-65.
"demerging entity
" has the meaning given by section&125-70.
"departing Australia
superannuation payment
" has the meaning given by section&301-170.
"depository entity
" has the meaning given by section&166-260.
"depreciating asset
" has the meaning given by section&40-30.
"depreciating asset lease
" : a depreciating asset lease is an agreement (including a renewal of an
agreement) under which the entity that * holds the * depreciating asset grants
a * right to use the asset to another entity. However, a depreciating asset
lease does not include a * hire purchase agreement or a * short-term hire
agreement.
"Deputy Commissioner
" means a Deputy Commissioner of Taxation.
"derivative financial arrangement
" has the meaning given by &230-350(1).
" has a meaning affected by &6-5(4).
" of a uniform has the meaning given by &34-25(2).
"designated
infrastructure project
" means an infrastructure project designated under section&415-70.
"designated infrastructure project entity
" has the meaning given by section&415-20.
"determined member component
" has the meaning given by section&276-205.
"determined trust component
" has the meaning given by section&276-255.
"development assistance
" for a * film has the meaning given by section&376-55.
"development
expenditure
" for a * film means expenditure to the extent to which it is incurred in
meeting the development costs for the film and includes expenditure to the
extent to which it is incurred on any of the following:
&&&&&&&&&&&&&&&&&&&&
(a)& location surveys and other activities undertaken to assess locations
&&&&&&&&&&&&&&&&&&&&
(b)& storyb
&&&&&&&&&&&&&&&&&&&&
(c)& script
&&&&&&&&&&&&&&&&&&&&
&&&&&&&&&&&&&&&&&&&&
(e)& casting
&&&&&&&&&&&&&&&&&&&&&
(f)& developing a
&&&&&&&&&&&&&&&&&&&&
(g)& developing a shooting schedule for the film.
"died in the line of duty
" has the meaning given by &302-195(3).
"diminishing value
" has the meaning given by sections&40-70 and 40-72.
"dining facility
" has the meaning given by section&32-60.
"direct equity interests
" in a company are * shares in the company.
"direct forestry expenditure
" has the meaning given by section&394-45.
"direct participation
" has the meaning given by section&960-190.
"direct roll-over
replacement
" has the meaning given by section&723-110.
"direct small business
participation percentage
" has the meaning given by section&152-70.
"direct SRWUIP payment
" has the meaning given by &59-67(3).
"direct value shift
" has the meaning given by section&725-145.
"direct voting percentage
" in a company has the meaning given by section&768-550.
"disability
" means a * life insurance policy under which a benefit is payable in the
&&&&&&&&&&&&&&&&&&&&
(a)& the death, by accident or by some other cause stated in the
contract, of the person whose life is insured (the insured ); or
&&&&&&&&&&&&&&&&&&&&
(b)& injury to, or disability of, the insured as a result of accident or
&&&&&&&&&&&&&&&&&&&&
(c)& the insured being found to have a stated
but does not include a contract of consumer credit insurance within the
meaning of the
"disability superannuation benefit
" means a * superannuation benefit if:
&&&&&&&&&&&&&&&&&&&&
(a)& the benefit is paid to an individual because he or she suffers from
ill-health (whether physical or mental); and
&&&&&&&&&&&&&&&&&&&&
(b)& 2 legally qualified medical practitioners have certified that,
because of the ill-health, it is unlikely that the individual can ever be
* gainfully employed in a capacity for which he or she is reasonably qualifi}