Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p21
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 21/59)
Character Range: 7918862–7921610

benefit has the meaning given by section 133‑130 in Schedule 1 to the Taxation Administration Act 1953.
endowment policy has the meaning given by section 295‑480.
ends, in relation to a *corporate change, has the meaning given by section 166‑175.
end user of an asset has the meaning given by section 250‑50.
end value of an asset has the meaning given by section 250‑180.
enterprise has the meaning given by section 9‑20 of the *GST Act.
entertainment has the meaning given by section 32‑10.
entity has the meaning given by section 960‑100.
entity EBITDA has the meaning given by section 820‑55.
entity maintenance deduction has the meaning given by subsection 86‑65(2).
environmental protection activities has the meaning given by section 40‑755.
Environment Minister means the Minister administering the Environment Protection and Biodiversity Conservation Act 1999.
Environment Secretary means the Secretary of the Department administered by the *Environment Minister.
equity capital of an entity at a particular time means the total of the following as at that time:
 (a) the issue price (however described) of each *equity interest in the entity that is still *on issue, reduced by so much (if any) of the issue price as remains unpaid;
 (b) the entity's general reserves and asset revaluation reserves;
 (c) the entity's retained earnings;
 (d) the entity's net earnings (if any) for the current year, reduced by:
 (i) the *tax the entity expects to pay in respect of those net earnings; and
 (ii) so much of each distribution to the entity's *members that has been made or declared as at that time as is attributable to the entity's earnings for the current year;
 (e) if the entity is a *corporate tax entity—provisions for *distributions of profit;
 (f) if paragraph (e) does not apply—provisions for distributions to the entity's *members;
reduced by the total of the following as at that time:
 (g) the entity's negative retained earnings (if any);
 (h) the entity's net loss (if any) for the current year.
equity holder in a company means an entity that holds an *equity interest in the company.
equity interest in an entity has the meaning given by:
 (a) in the case of a company—Subdivision 974‑C; and
 (b) in the case of a trust or partnership—section 820‑930.
equity or loan interest has the meaning given by section 727‑520.
ESS deferred taxing point, for an *ESS interest, has the meaning given by sections 83A‑115 and 83A‑120.
Note 1: ESS is short for employee share scheme.
Note 2: For ESS interests acquired before 1 July 2009, see subsection 83A‑5(4) of the Income Tax (Transitional Provisions) Act 1997.
ESS interest, in a company, has the meaning given by subsection 83A‑10(1).
Note: ESS is short for employee share scheme.