Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zo:p1
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZO (pt 1/3)
Character Range: 844538–847355

52ZO  Definitions
  In this Division, unless the contrary intention appears:
actively involved with a primary production enterprise has the meaning given by section 52ZW.
actual transfer, in relation to property or services, means a transfer of the property or services other than a transfer that is taken to have been made because of subsection 52ZV(1), (3) or (4).
adjusted net primary production income (in Subdivision K) has the meaning given by section 52ZZZL.
adjusted net value (in Subdivision K) has the meaning given by section 52ZZZK.
arm's length amount, in relation to an actual transfer of property or services to a company or a trust, means the amount that the company or trust could reasonably be expected to have been required to pay to obtain the property or the services concerned from the transferor under a transaction where the parties to the transaction are dealing with each other at arm's length in relation to the transaction.
asset attribution percentage has the meaning given by section 52ZZJ.
associate has the meaning given by section 52ZQ.
attributable stakeholder has the meaning given by section 52ZZJ.
attribution period has the meaning given by section 52ZZQ.
business partnership means a partnership within the meaning of the Income Tax Assessment Act 1997.
child: without limiting who is a child of a person for the purposes of this Division, each of the following is the child of a person:
 (a) an adopted child, step‑child or foster‑child of the person;
 (b) someone who is a child of the person within the meaning of the Family Law Act 1975.
company has the same meaning as in the Income Tax Assessment Act 1997.
concessional primary production trust has the meaning given by section 52ZZZF.
constituent document, in relation to a company, means:
 (a) the memorandum and articles of association of the company; or
 (b) any rules or other documents constituting the company or governing its activities.
control includes control as a result of, or by means of, trusts, agreements, arrangements, understandings and practices, whether or not having legal or equitable force and whether or not based on legal or equitable rights.
controlled private company has the meaning given by section 52ZZC.
controlled private trust has the meaning given by section 52ZZH.
decision‑making principles means decision‑making principles under section 52ZZZQ.
derivation period has the meaning given by section 52ZZP.
designated private company has the meaning given by section 52ZZA.
designated private trust has the meaning given by section 52ZZB.
director includes any person (by whatever name called) occupying the position of a director of a company.
entity means any of the following:
 (a) an individual;
 (b) a company;
 (c) a trust;
 (d) a business partnership;
 (e) a corporation sole;
 (f)