Document ID: chunk:federal_register_of_legislation:F2023L00345:clause:1_4
Version: federal_register_of_legislation:F2023L00345
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 1947–3045

4  Definitions
           Note: A number of expressions used in this instrument are defined in the Act, including the following:
             (a)        ABN;
             (b)        creditable acquisition;
             (c)        input tax credit.
  In this determination:
Act means the A New Tax System (Goods and Services Tax) Act 1999.
commercial premises means all forms of premises, other than residential premises that are input taxed under section 40-35 of the Act.
current owner of the commercial premises includes:
            (a) the owner of a reversionary interest in a commercial premises; and
            (b) an assignee that becomes a sub-lessor when a leasehold estate is assigned subject to a sub-lease of commercial premises.
former owner means the previous owner or sub-lessor who originally granted the lease or sub-lease of the commercial premises.
reversionary interest means both the freehold interest acquired when commercial premises are sold subject to a lease, and the interest acquired when a leasehold estate is assigned subject to a sub-lease of commercial premises.