Document ID: chunk:federal_register_of_legislation:C2004A01959:section:3
Version: federal_register_of_legislation:C2004A01959
Segment Type: section
Provision Reference: s 3
Character Range: 869–1656

3  Interpretation

        (1) In this Act, unless the contrary intention appears:

       law means a law of the Commonwealth or of a State or Territory;

       prescribed borrowing means a borrowing of moneys outside Australia by or on behalf of the Commonwealth upon terms and conditions that do not provide for the issue of stock or securities of a kind to which section 6B of the Loans Securities Act 1919 applies.

        (2) A reference in this Act to tax or duty shall be read as including a reference to withholding tax within the meaning of the Income Tax Assessment Act 1936 and to tax or duty in respect of:
           (a) the estates of deceased persons;
           (b) property derived from deceased persons; and
           (c) gifts or other dispositions of property.