Document ID: chunk:federal_register_of_legislation:C2025C00014:section:47a:p12
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 47A (pt 12/13)
Character Range: 326838–329313

is made as if subsection (18A) of this section were disregarded.
 (19) The provisions of section 102AAJ apply for the purposes of this section in like manner as they apply for the purposes of Division 6AAA.
 (20) For the purposes of this section, the question whether a company is a resident of an unlisted country is to be determined in the same manner in which that question is determined for the purposes of Part X.
 (21) In this section:
arm's length value, in relation to the redemption or buy‑back of a share in a company or a unit in a unit trust, means the amount that the company or trustee could reasonably be expected to have been required to pay to obtain the redemption or buy‑back of the share or unit under a transaction where the parties to the transaction are dealing with each other at arm's length in relation to the transaction.
arrangement 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, whether there are 2 or more parties or only one party involved.
associate has the same meaning as in Part X.
associated entity, in relation to a company, means either of the following entities:
 (a) a shareholder in the company;
 (b) an entity who is an associate of a shareholder in the company.
CFC has the same meaning as in Part X.
distribution benefit has the meaning given by subsection (3) of this section.
eligible equity interest:
 (a) in relation to a company, means any of the following:
 (i) a share, or an interest in a share, in the company;
 (ii) a right to acquire a share, or an interest in a share, in the company;
 (iii) an option to acquire a share, or an interest in a share, in the company; or
 (b) in relation to a unit trust, means any of the following:
 (i) a unit, or an interest in a unit, in the unit trust;
 (ii) a right to acquire a unit, or an interest in a unit, in the unit trust;
 (iii) an option to acquire a unit, or an interest in a unit, in the unit trust; or
entity has the same meaning as in Part X.
loan includes:
 (a) an advance of money; and
 (b) the provision of credit or any other form of financial accommodation; and
 (c) the payment of an amount for, on account of, on behalf or at the request of an entity where there is an obligation (whether expressed or implied) to repay the amount; and