Document ID: chunk:federal_register_of_legislation:C2025C00014:section:447:p4
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 447 (pt 4/4)
Character Range: 2073806–2075345

the company.
 (4A) For the purposes of this section, income from the sale of goods by a company passes the substantial manufacture test if a substantial part of the manufacture of the goods was carried out by the directors or employees of the company.
 (4B) For the purposes of this section, income from the sale of goods by a company passes the substantial production test if:
 (a) if the goods are primary products—a substantial part of the production, raising or growing of the goods was carried out by the directors or employees of the company; or
 (b) if the goods are manufactured by the company, in whole or in part, from primary products produced, raised or grown by the company—a substantial part of:
 (i) the manufacture of the goods; and
 (ii) those production, raising or growing activities;
  was carried out by the directors or employees of the company.
 (4C) For the purposes of subsections (4), (4A) and (4B), the effect of an activity on the market value of the goods concerned is to be ignored.
 (5) If, apart from this subsection, goods are purchased or sold by 2 or more entities acting jointly, subsection (1) is to be applied successively as if each such entity were the sole purchaser or seller, as the case may be.
 (6) In this section:
animals includes fish.
primary products means:
 (a) agricultural or horticultural produce; or
 (b) trees or crops, whether on or attached to land or not; or
 (c) timber; or
 (d) animals (whether dead or alive); or
 (e) the bodily produce (including natural increase) of animals.