Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p29
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 29/59)
Character Range: 7939385–7942013

GloBE tax means:
 (a) *foreign DMT tax; and
 (b) *foreign IIR tax; and
 (c) *foreign UTPR tax.
foreign government agency means:
 (a) the government of a foreign country or of part of a foreign country; or
 (b) an authority of the government of a foreign country; or
 (c) an authority of the government of part of a foreign country.
foreign hybrid has the meaning given by section 830‑5.
foreign hybrid company has the meaning given by section 830‑15.
foreign hybrid limited partnership has the meaning given by section 830‑10.
foreign hybrid mismatch rules means a *foreign law corresponding to any of Subdivisions 832‑C, 832‑D, 832‑E, 832‑F, 832‑G or 832‑H (which are about hybrid mismatches).
foreign hybrid net capital loss amount has the meaning given by section 830‑55.
foreign hybrid revenue loss amount has the meaning given by paragraph 830‑45(1)(a).
foreign hybrid tax provisions means:
 (a) the Income Tax Assessment Act 1936 (other than Division 5A of Part III); and
 (b) this Act (other than Subdivision 830‑A and 830‑B); and
 (c) an Act that imposes any tax payable under the Income Tax Assessment Act 1936 or this Act; and
 (d) the Income Tax Rates Act 1986; and
 (e) the Taxation Administration Act 1953, so far as it relates to an Act covered by paragraph (a), (b) or (c); and
 (f) any other Act, so far as it relates to an Act covered by paragraph (a), (b), (c), (d) or (e); and
 (g) regulations under an Act covered by any of the preceding paragraphs.
foreign IIR tax means tax that:
 (a) is payable under a *foreign law; and
 (b) satisfies the requirements of the IIR (within the meaning of the *GloBE Rules).
foreign income tax has the meaning given by section 770‑15.
foreign income tax deduction has the meaning given by section 832‑120.
foreign law means a law of a foreign country.
Note: Foreign country is defined in section 2B of the Acts Interpretation Act 1901.
foreign life insurance company means a company that is a foreign resident, and whose sole or principal business is life insurance.
foreign pension fund has the meaning given by subsection 840‑805(4B).
foreign public official has the same meaning as in section 70.1 of the Criminal Code.
foreign resident means a person who is not a resident of Australia for the purposes of the Income Tax Assessment Act 1936.
Note: Foreign resident is not asterisked in this Act.
foreign resident life insurance policy means a *life insurance policy that:
 (a) was issued by a company in the course of carrying on a *business at or through the *permanent establishment of the company in a foreign country; and
 (b) is held by an entity that is neither an