Income Tax Rates Act 1986
| Term(s) | Definition | Defined in Legislation | See Section(s) |
|---|---|---|---|
| attribution managed investment trust | : see AMIT . |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| base rate entity | has the meaning given by section 23AA. |
Income Tax Rates Act 1986 |
Income Tax Rates Act 1986 - 23AA Meaning of base rate entity
Income Tax Rates Act 1986 - 3 Interpretation |
| base rate entity passive income | has the meaning given by section 23AB. |
Income Tax Rates Act 1986 |
Income Tax Rates Act 1986 - 23AB Meaning of base rate entity passive income
Income Tax Rates Act 1986 - 3 Interpretation |
| beneficiary | , in relation to a trust estate, includes a person who is capable (whether by the exercise of a power of appointment or otherwise) of benefiting under the trust. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 16 Interpretation |
| determined | member component has the same meaning as in the Income Tax Assessment Act 1997 . |
Income Tax Rates Act 1986 | |
| eligible part | , in relation to the special income component of the taxable income of a taxpayer, means |
Income Tax Rates Act 1986 | |
| net income phaseout limit | has the meaning given by subsection 14(3). |
Income Tax Rates Act 1986 |
Income Tax Rates Act 1986 - 14 Limitation on tax payable by certain trustees
Income Tax Rates Act 1986 - 3 Interpretation |
| nonprofit company | means: (a) a company that is not carried on for the purposes of profit or gain to its individual members and is, by the terms of the companys constituent document, prohibited from making any distribution, whether in money, property or otherwise, to its members; or |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| nonresident beneficiary | , in relation to a year of income, means a beneficiary of a trust estate who is a prescribed nonresident in relation to that year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| nonresident phaseout limit | has the meaning given by subsection 15(8). |
Income Tax Rates Act 1986 |
Income Tax Rates Act 1986 - 3 Interpretation
Income Tax Rates Act 1986 - 15 Rates of tax where Division 6AA of Part III of the Assessment Act applies |
| nonresident taxpayer | , in relation to a year of income, means a taxpayer who is a prescribed nonresident in relation to that year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| nonresident trust estate | , in relation to a year of income, means a trust estate that is not a resident trust estate in relation to that year of income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| non‐arm’s length component | has the same meaning as in the Income Tax Assessment Act 1997 . |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| non‐complying ADF | means a fund that, at all times during the year of income when the fund is in existence, is an approved deposit fund within the meaning of the Income Tax Assessment Act 1997 , but does not include a fund that is a complying ADF. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| non‐complying superannuation fund | has the same meaning as in the Income Tax Assessment Act 1997 . |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| no‐TFN contributions income | has the same meaning as in the Income Tax Assessment Act 1997 . |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| ordinary taxable income | means the taxable income, reduced by the superannuation remainder of the taxable income and by the employment termination remainder of the taxable income. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
(pooled development fund) has the same meaning as in the Assessment Act. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation | |
| PDF component | has the same meaning as in the Assessment Act. |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |
| prescribed non‐resident | , in relation to a year of income, means a person who, at all times during the year of income, is a non‐resident, not being a person to whom, at any time during the year of income, compensation or a pension, allowance or benefit is payable under: (a) the |
Income Tax Rates Act 1986 | Income Tax Rates Act 1986 - 3 Interpretation |