Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 1/242)
Character Range: 8083589–8086286

2                                         Payment under the ABSTUDY scheme  sections 52‑133 and 52‑134

tax free component:
 (a) the tax free component of an *employment termination payment has the meaning given by section 82‑140; and
 (b) the tax free component of a *superannuation benefit has the meaning given by section 307‑120; and
 (c) the tax free component of a *superannuation interest has the meaning given by section 307‑210; and
 (d) the tax free component of an *Australian‑sourced amount has the meaning given by the regulations mentioned in section 312‑5 (about trans‑Tasman portability of retirement savings).
taxing event generating a gain has the meaning given by sections 725‑245 and 725‑335.
tax invoice has the meaning given by section 195‑1 of the *GST Act.
tax loss means:
 (a) a tax loss worked out under section 36‑10, 165‑70, 175‑35 or 701‑30 of this Act (including such a tax loss as increased under section 415‑15 or reduced under section 418‑95); or
Note 1: The meaning of tax loss in section 36‑10 is affected by section 268‑60 in Schedule 2F to the Income Tax Assessment Act 1936.
Note 2: The meaning of tax loss in sections 36‑10, 165‑70, 175‑35 and 701‑30 is modified by section 36‑55 for a corporate tax entity that has an amount of excess franking offsets.
Note 3: A life insurance company can have a tax loss of the complying superannuation class and/or a tax loss of the ordinary class for the purposes of working out its income tax for an income year: see Subdivision 320‑D.
 (b) a tax loss as defined by section 36‑105 (Tax losses for 1989‑90 to 1996‑97 income years) of the Income Tax (Transitional Provisions) Act 1997; or
 (c) a tax loss as defined by section 36‑110 (Tax losses for 1957‑58 to 1988‑89 income years) of the Income Tax (Transitional Provisions) Act 1997; or
 (d) a tax loss determined under section 24 of the International Tax Agreements Act 1953 (about relief from double taxation where profits are adjusted) (including such a tax loss as increased under section 415‑15 of this Act).
tax offset has the meaning given by section 4‑10.
tax offset refund, of yours for an income year, means a refund you can get as mentioned in item 40 of the table in subsection 63‑10(1) (refundable tax offsets) for the income year.
tax period has the meaning given by section 195‑1 of the *GST Act.
tax position has the meaning given by section 45‑610 in Schedule 1 to the Taxation Administration Act 1953.
tax preferred end user has the meaning given by section 250‑55.
tax preferred entity means:
 (a) an *exempt entity; or
 (b) an *exempt Australian government agency; or
 (c) an *associated government entity of an exempt Australian government agency;