Document ID: chunk:federal_register_of_legislation:C2025C00189:clause:2_2:p1
Version: federal_register_of_legislation:C2025C00189
Segment Type: clause
Provision Reference: sch 2 cl 2 (pt 1/10)
Character Range: 2391298–2393890

2  Definitions
 (1) In this Schedule:
ABN has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999.
acceptable quality: see sections 54(2) to (7).
ACN has the meaning given by section 9 of the Corporations Act 2001.
acquire includes:
 (a) in relation to goods—acquire by way of purchase, exchange or taking on lease, on hire or on hire‑purchase; and
 (b) in relation to services—accept.
Note: Section 5 deals with when receipt of a donation is an acquisition.
adjusted turnover, of a body corporate during a period, means the sum of the values of all the supplies that the body corporate, and any body corporate related to the body corporate, have made, or are likely to make, during the period, other than:
 (a) supplies made from any of those bodies corporate to any other of those bodies corporate; or
 (b) supplies that are input taxed; or
 (c) supplies that are not for consideration (and are not taxable supplies under section 72‑5 of the A New Tax System (Goods and Services Tax) Act 1999); or
 (d) supplies that are not made in connection with an enterprise that the body corporate carries on; or
 (e) supplies that are not connected with the indirect tax zone.
Expressions used in this definition that are also used in the A New Tax System (Goods and Services Tax) Act 1999 have the same meaning as in that Act.
adverse publicity order: see section 247(2).
affected person, in relation to goods, means:
 (a) a consumer who acquires the goods; or
 (b) a person who acquires the goods from the consumer (other than for the purpose of re‑supply); or
 (c) a person who derives title to the goods through or under the consumer.
agreement document: see section 78(2).
applicable industry code has the meaning given by section 51ACA(1) of the Competition and Consumer Act.
application law has the same meaning as in section 140 of the Competition and Consumer Act.
article includes a token, card or document.
ASIC means the Australian Securities and Investments Commission.
assert a right to payment: see section 10(1).
associate regulator:
 (a) for the purposes of the application of this Schedule as a law of the Commonwealth—means a body that is, for the purposes of the application of this Schedule as a law of a State or a Territory, the regulator within the meaning of the application law of the State or Territory; or
 (b) for the purposes of the application of this Schedule as a law of a State or a Territory—means:
 (i) the Commission; or
 (ii) a body that is, for the purposes of the application of this Schedule as a law of another State