Income Tax Rates Act 1986

Submitted by Richard_Li on Fri, 02/17/2023 - 00:42

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Distinguished Terms in this instrument

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
determinedmember 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
eligible part	, in relation to the special income component of the taxable income of a taxpayer, means so much of the special income component as is eligible taxable income for the purposes of Division 6AA of Part III of the Assessment Act .	Income Tax Rates Act 1986
net income phase‐out limit	has the meaning given by subsection 14(3).	Income Tax Rates Act 1986	Income Tax Rates Act 1986 - 3 Interpretation Income Tax Rates Act 1986 - 14 Limitation on tax payable by certain trustees
non‐armâs length component	has the same meaning as in the Income Tax Assessment Act 1997 .	Income Tax Rates Act 1986
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
non‐profit company	means:	Income Tax Rates Act 1986	Income Tax Rates Act 1986 - 3 Interpretation
non‐resident beneficiary	, in relation to a year of income, means a beneficiary of a trust estate who is a prescribed non ‐ resident in relation to that year of income.	Income Tax Rates Act 1986	Income Tax Rates Act 1986 - 3 Interpretation
non‐resident phase‐out 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
non‐resident taxpayer	, in relation to a year of income, means a taxpayer who is a prescribed non ‐ resident in relation to that year of income.	Income Tax Rates Act 1986	Income Tax Rates Act 1986 - 3 Interpretation
non‐resident 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
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
PDF	(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