Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 6/15)
Character Range: 8028695–8031487

prescribed dual resident has the meaning given by subsection 6(1) of the Income Tax Assessment Act 1936.
prescribed excluded STB means an *excluded STB that is prescribed by the regulations for the purposes of Division 1AB of Part III of the Income Tax Assessment Act 1936.
present value of a *financial benefit has a meaning affected by section 250‑100.
preservation age has the meaning given by Part 6 of the Superannuation Industry (Supervision) Regulations 1994.
pre‑shift gain has the meaning given by section 725‑210.
pre‑shift loss has the meaning given by section 725‑210.
presumed indirect value shift has the meaning given by section 727‑855.
previous recoupment law has the meaning given by section 20‑55.
price, for a *taxable supply, has the same meaning as in the *GST Act.
primary course has the same meaning as in the *GST Act.
primary equity interest in an entity has the meaning given by section 727‑520.
primary interest in an entity has the meaning given by section 727‑520.
primary loan interest in an entity has the meaning given by section 727‑520.
primary producer registered emissions unit has the meaning given by section 420‑13.
primary production business: you carry on a primary production business if you carry on a *business of:
 (a) cultivating or propagating plants, fungi or their products or parts (including seeds, spores, bulbs and similar things), in any physical environment; or
 (b) maintaining animals for the purpose of selling them or their bodily produce (including natural increase); or
 (c) manufacturing dairy produce from raw material that you produced; or
 (d) conducting operations relating directly to taking or catching fish, turtles, dugong, bêche‑de‑mer, crustaceans or aquatic molluscs; or
 (e) conducting operations relating directly to taking or culturing pearls or pearl shell; or
 (f) planting or tending trees in a plantation or forest that are intended to be felled; or
 (g) felling trees in a plantation or forest; or
 (h) transporting trees, or parts of trees, that you felled in a plantation or forest to the place:
 (i) where they are first to be milled or processed; or
 (ii) from which they are to be transported to the place where they are first to be milled or processed.
primary production deductions has the meaning given by subsection 392‑80(3).
prime cost method has the meaning given by section 40‑75.
principal beneficiary of a *special disability trust has the meaning given by:
 (a) for a special disability trust within the meaning of the Social Security Act 1991—subsection 1209M(1) of that Act; or
 (b) for a special disability trust within the meaning of the Veterans' Entitlements Act 1986—subsection 52ZZZWA(1) of that Act.
principal class of shares in a company means:
 (a) those ordinary or common shares of