Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p58
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 58/59)
Character Range: 8011821–8014435

given by subsection 378‑25(6).
on issue:
 (a) a *debt interest is on issue as provided in paragraph 974‑55(1)(e); and
 (b) an *equity interest in an entity:
 (i) is on issue from when it is issued until it stops being on issue because of subparagraph (ii); and
 (ii) stops being on issue when, for reasons other than the economic performance of the entity (or of a *connected entity of the entity), there is no longer a reasonable likelihood that a substantial *financial benefit will be provided in respect of the interest under the *scheme, or under any of the schemes, that give rise to the interest.
on‑lent amount, of an entity and at a particular time, means the value, as at that time, of:
 (a) all the assets of the entity that are comprised by *debt interests issued by other entities; and
 (b) all the assets of the entity that are comprised by leases for the hire of goods that are not covered by paragraph (a) and in relation to which the following subparagraphs are satisfied:
 (i) each of the leases is for a term of 6 months or more;
 (ii) the leases are part of the *business of hiring goods that the entity carries on;
 (iii) the entity's business of hiring goods is not carried on predominantly for the purposes of hiring goods to the entity's *associates; and
 (c) all the securities that were held by the entity that:
 (i) have been sold by the entity under a reciprocal purchase agreement (otherwise known as a repurchase agreement), sell‑buyback arrangement or securities loan arrangement; but
 (ii) have not yet been repurchased by the entity under the agreement or arrangement; and
 (d) if the entity:
 (i) carries on a *business of dealing in securities; and
 (ii) does not carry on that business predominantly for the purposes of dealing in securities with, or on behalf of, the entity's *associates;
  all *shares that:
 (iii) the entity holds at that time; and
 (iv) are listed at that time for quotation in the official list of an *approved stock exchange; and
 (v) are not shares in an *associate entity at that time of the entity.
on‑market buy‑back means a purchase that is a buy‑back and an on‑market purchase for the purposes of Division 16K of Part III of the Income Tax Assessment Act 1936.
opening adjustable value of a *depreciating asset has the meaning given by section 40‑85.
opening pool balance has the meaning given by section 328‑195.
operating entity has the meaning given by section 12‑436 in Schedule 1 to the Taxation Administration Act 1953.
oral ruling has the meaning given by section 360‑5 in Schedule 1 to the Taxation Administration Act 1953.
ordinary capital