Document ID: chunk:federal_register_of_legislation:C2025C00120:section:136:p1
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 136 (pt 1/34)
Character Range: 437629–440396

136  Interpretation
 (1) In this Act, unless the contrary intention appears:
ABN has the meaning given by the A New Tax System (Australian Business Number) Act 1999.
academic period, in relation to an educational institution, means:
 (a) if the academic years of the educational institution are divided into terms but not semesters—a term of the academic year;
 (b) if the academic years of the educational institution are divided into semesters (whether or not they are also divided into terms)—a semester of the academic year; or
 (c) if the academic years of the educational institution are not divided into terms or semesters—an academic year of the institution.
accommodation component, in relation to a living‑away‑from‑home allowance fringe benefit, means so much (if any) of the fringe benefit as might reasonably be concluded to be compensation for expenses to be incurred by the employee for the accommodation of eligible family members during the period to which the fringe benefit relates.
agent includes:
 (a) a person who, for and on behalf of a person out of Australia, has the management or control in Australia of the whole or a part of a business of the second‑mentioned person; and
 (b) a person declared by the Commissioner, by notice in writing served on the person, to be an agent or the sole agent of a person for the purposes of this Act.
agent's certificate means a certificate under subsection 71(1).
aggregate fringe benefits amount has the meaning given by section 5C.
aggregate non‑exempt amount has the meaning given by subsection 5B(1E).
aggregate non‑rebatable amount has the meaning given by subsection 65J(2B).
airline transport fringe benefit means an in‑house property fringe benefit, or in‑house residual fringe benefit, to the extent that the benefit:
 (a) is the provision of transport in a passenger aircraft operated by a carrier and any incidental services on board the aircraft; and
 (b) is provided subject to the stand‑by restrictions that customarily apply in relation to the provision of airline transport to employees in the airline industry.
all‑day parking, in relation to a particular day, means parking of a single car for a continuous period of 6 hours or more during a daylight period on that day.
amortised fringe benefit has the meaning given by section 65CA.
approved form has the meaning given by section 388‑50 in Schedule 1 to the Taxation Administration Act 1953.
approved worker entitlement fund has the meaning given by subsections 58PB(1) and (2).
arm's length loan means a loan where the parties to the loan are dealing with each other at arm's length in relation to the loan.
arm's length transaction means a transaction where the parties to the transaction are dealing with each other at arm's length