Document ID: chunk:federal_register_of_legislation:C2025C00014:section:177a:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 177A (pt 2/3)
Character Range: 1593439–1595903

early stage investors in innovation companies) of that Act.
non‑refundable R&D tax offset means a tax offset allowed under Division 355 of the Income Tax Assessment Act 1997, other than a refundable R&D tax offset.
refundable R&D tax offset means a tax offset allowed under Division 355 of the Income Tax Assessment Act 1997 that is subject to the refundable tax offset rules under section 67‑30 of that Act.
scheme means:
 (a) any agreement, arrangement, understanding, promise or undertaking, whether express or implied and whether or not enforceable, or intended to be enforceable, by legal proceedings; and
 (b) any scheme, plan, proposal, action, course of action or course of conduct.
significant global entity has the meaning given by section 960‑555 of the Income Tax Assessment Act 1997.
standard corporate tax rate means the rate of tax in respect of the taxable income of a company covered by paragraph 23(2)(b) of the Income Tax Rates Act 1986.
supply has the meaning given by section 9‑10 of the GST Act, but does not include any of the following, or of any combination of 2 or more of the following:
 (a) a supply of an equity interest in an entity;
 (b) a supply of a debt interest in an entity;
 (c) a supply of an option for:
 (i) a supply of a kind referred to in paragraph (a) or (b); or
 (ii) any combination of 2 or more such supplies.
taxpayer includes a taxpayer in the capacity of a trustee.
 (2) The definition of taxpayer in subsection (1) shall not be taken to affect in any way the interpretation of that expression where it is used in this Act other than this Part.
 (3) The reference in the definition of scheme in subsection (1) to a scheme, plan, proposal, action, course of action or course of conduct shall be read as including a reference to a unilateral scheme, plan, proposal, action, course of action or course of conduct, as the case may be.
 (4) A reference in this Part to the carrying out of a scheme by a person shall be read as including a reference to the carrying out of a scheme by a person together with another person or other persons.
 (5) A reference in this Part (other than sections 177DA and 177J) to a scheme or a part of a scheme being entered into or carried out by a person for a particular purpose shall be read as including a reference to the scheme or the part of the scheme being entered into or carried out by the person for 2 or more purposes of which that particular purpose is the dominant purpose.