Document ID: chunk:federal_register_of_legislation:C2012A00018:clause:2_2
Version: federal_register_of_legislation:C2012A00018
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 54093–55716

2  Definitions
  In this Schedule:
accounting standard has the same meaning as in the Corporations Act 2001.
arrangement has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
auditing standard has the same meaning as in the Corporations Act 2001.
CGT asset has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
cost base has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
depreciating asset has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
entity has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
hold, in relation to a starting base asset, has the meaning given by clause 11.
interim expenditure, in relation to a person's starting base asset relating to a petroleum project, has the meaning given by clause 15.
market value has a meaning affected by Subdivision 960‑S of the Income Tax Assessment Act 1997.
mining, quarrying or prospecting information has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
project activity: a thing done is a project activity in relation to a petroleum project if it is done in carrying on or providing the operations, facilities and other things (including services and amenities) of a kind referred to in section 37 or 38 in relation to the project.
starting base return means a return of the kind referred to in clause 22, that complies with all the requirements of that clause and section 388‑75 in Schedule 1 to the Taxation Administration Act 1953.

Part 2—Choosing a valuation approach