Document ID: chunk:federal_register_of_legislation:C2025C00014:section:6:p14
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 6 (pt 14/19)
Character Range: 39467–42192

the company is, for the purposes of the agreement, a resident solely of the foreign country;
 (b) the alternative condition is that the company:
 (i) is a resident of Australia within the meaning of subsection 6(1) for no other reason than that it carries on business in Australia and has its central management and control in Australia; and
 (ii) it is also a resident of another country; and
 (iii) its central management and control is in another country.
primary production business has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
principal beneficiary of a special disability trust has the same meaning as in the Income Tax Assessment Act 1997.
private company, in relation to a year of income, means a company that is a private company in relation to that year of income for the purposes of Division 7 of Part III.
proclaimed superannuation standards day means 1 July 1990.
provider, in relation to an RSA, has the same meaning as in the Retirement Savings Accounts Act 1997.
prudential standards has the same meaning as in the Income Tax Assessment Act 1997.
rebatable benefit has the meaning given by subsection 160AAA(1).
rebate income of an individual for a year of income is the sum of:
 (a) the individual's taxable income for the year of income, disregarding the individual's assessable FHSS released amount (within the meaning of the Income Tax Assessment Act 1997) for the year of income; and
 (b) the individual's reportable superannuation contributions for the year of income; and
 (c) the individual's total net investment loss for the year of income; and
 (d) the individual's adjusted fringe benefits total for the year of income.
recognised large credit union has the meaning given by section 6H.
recognised medium credit union has the meaning given by section 6H.
recognised small credit union has the meaning given by section 6H.
reduced cost base of a CGT asset has the same meaning as in the Income Tax Assessment Act 1997.
relative has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
reportable superannuation contributions has the same meaning as in the Income Tax Assessment Act 1997.
resident or resident of Australia means:
 (a) a person, other than a company, who resides in Australia and includes a person:
 (i) whose domicile is in Australia, unless the Commissioner is satisfied that the person's permanent place of abode is outside Australia;
 (ii) who has actually been in Australia, continuously or intermittently, during more than one‑half of the year of income, unless the Commissioner is satisfied that the person's usual place of abode is outside Australia and that the person does not intend to take up residence in