Document ID: chunk:federal_register_of_legislation:C2025C00014:section:6:p8
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 6 (pt 8/19)
Character Range: 25194–27811

in section 260, does not include mining withholding tax or withholding tax.
Indigenous land has the same meaning as in the Income Tax Assessment Act 1997.
Indigenous person has the same meaning as in the Income Tax Assessment Act 1997.
industrial, commercial or scientific equipment means industrial, commercial or scientific equipment to the extent that an amount paid or credited as consideration for the use of the equipment, or for the right to use the equipment, is not rent from land (including rent from an interest in land or rent from fixtures on land).
insurance business has the same meaning as in the Insurance Act 1973.
insurance funds, in relation to a company, means all the Australian statutory funds of the company and all other funds maintained by the company in respect of the life assurance business of the company.
interest income, in relation to a taxpayer, means income consisting of interest, or a payment in the nature of interest, in respect of:
 (a) money lent, advanced or deposited; or
 (b) credit given; or
 (c) any other form of debt or liability;
whether security is given or not, other than:
 (d) an amount to the extent to which it is a return on an equity interest in a company; or
 (e) interest derived by the taxpayer from a transaction directly related to the active conduct of a trade or business; or
 (f) interest derived by the taxpayer from carrying on a banking business or any other business whose income is principally derived from the lending of money; or
 (g) interest received by the taxpayer during a year of income from a foreign company, where:
 (i) at any time during the year of income, the taxpayer had (or would have had, if the taxpayer were a company and a resident), a voting interest, within the meaning of section 334A, amounting to at least 10% of the voting power, within the meaning of that section, in that company; and
 (ii) during the year of income or the preceding year of income, the company has not derived an amount of interest income exceeding 10% of the total profits derived by the company during the same year.
junior minerals exploration incentive tax offset means a tax offset under Subdivision 418‑B of the Income Tax Assessment Act 1997.
life assurance company has the meaning given to life insurance company by the Income Tax Assessment Act 1997.
life assurance policy has the meaning given to life insurance policy by the Income Tax Assessment Act 1997.
life assurance premium has the meaning given to life insurance premium by the Income Tax Assessment Act 1997.
limited partner has the same meaning as in the Income Tax Assessment Act