Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p8
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 8/59)
Character Range: 7885698–7888562

Act.
consideration receivable:
 (a) consideration receivable on the disposal of a leased *car has the meaning given by section 20‑115; and
 (b) consideration receivable for *trading stock changing hands has the meaning given by subsection 70‑100(11).
consolidatable group has the meaning given by section 703‑10.
consolidated group has the meaning given by section 703‑5.
Note 1: Part 3‑90 contains rules relating to the tax treatment of consolidated groups. Division 719 (of that Part) applies those rules to MEC groups with modifications (see section 719‑2).
Note 2: Provisions in the Income Tax Assessment Act 1936 and in the Income Tax Assessment Act 1997 (other than in Part 3‑90) referring only to consolidated groups do not apply to MEC groups.
consolidation transitional year for a *member of a *consolidated group or a member of a *MEC group, is an income year for that member that satisfies both of the following conditions:
 (a) the group is in existence during all or any part of that year;
 (b) Subdivision 45‑Q in Schedule 1 to the Taxation Administration Act 1953 (including that Subdivision as applied under Subdivision 45‑S in that Schedule):
 (i) does not apply at all to the *head company or the *provisional head company of the group during that year; or
 (ii) starts to apply at any time during that year to the head company or the provisional head company of the group because of subsection 45‑705(2) or subparagraph 45‑705(3)(c)(ii), (4)(d)(ii) or (iv), or subsection 45‑915(2) or subparagraph 45‑915(3)(c)(ii), (4)(b)(ii) or (iv), in that Schedule.
Constituent Entity, of an *Applicable MNE Group, has the same meaning as in the *Minimum Tax Act, as affected by section 28 of that Act.
constitution of a company means the memorandum and articles of association of the company, or any other rules or document constituting the company or governing its activities.
constitutional corporation means:
 (a) a corporation to which paragraph 51(xx) of the Constitution applies; or
 (b) a body corporate that is incorporated in a Territory.
constitutionally protected fund means a fund that is declared by the regulations to be a constitutionally protected fund.
construction expenditure has the meaning given by section 43‑70.
construction expenditure area has the meaning given by section 43‑75.
contingent on aspects of the economic performance has the meaning given by section 974‑85.
continuing shareholders has the meaning given by sections 175‑10, 175‑20, 175‑25, 175‑45, 175‑60, 175‑65 and 175‑85.
continuous disability policy has the meaning given by section 9A of the Life Insurance Act 1995.
contract of reinsurance, in respect of *life insurance policies, does not include a contract of reinsurance in respect of:
 (a) the parts of *complying superannuation life insurance policies in respect of which the liabilities of the company that