Document ID: chunk:federal_register_of_legislation:C2025C00029:section:25:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 25 (pt 4/4)
Character Range: 7865520–7867377

section 355‑70 in Schedule 1 to the Taxation Administration Act 1953.
authorised law enforcement agency officer has the meaning given by section 355‑70 in Schedule 1 to the Taxation Administration Act 1953.
available expense has the meaning given by section 175‑30.
available fraction for a *bundle of losses has the meaning given by sections 707‑320, 719‑310 and 719‑315.
available frankable profits has the meaning given by section 215‑20 and affected by subsection 215‑25(1).
available income has the meaning given by section 175‑30.
available loss exposure amount has the meaning given by paragraph 830‑50(1)(a).
average equity capital has the meaning given by sections 820‑395, 820‑420 and 820‑615.
average income has the meaning given in subsection 392‑45(1).
average taxable professional income has the meaning given by subsections 405‑50(1) and (2).
averaging adjustment has the meaning given in section 392‑75.
averaging component has the meaning given in subsection 392‑90(1).
award transport payment has the meaning given by section 900‑220.
balancing adjustment event has the meaning given by section 40‑295.
Note: Subsection 417‑30(1) provides that certain events (connected with Timor Sea petroleum) are taken not to be balancing adjustment events.
BAS amount means any debt or credit that arises directly under the *BAS provisions.
Note: BAS stands for Business Activity Statement.
base assessment has the meaning given by sections 45‑320 and 45‑470 in Schedule 1 to the Taxation Administration Act 1953.
base interest rate has the meaning given by section 8AAD of the Taxation Administration Act 1953.
base penalty amount: the base penalty amount for calculating the amount of an administrative penalty is worked out under the relevant provision in this table:

Base penalty amount
Item                 For a penalty for this:           See: