Document ID: chunk:federal_register_of_legislation:C2025C00014:section:317:p12
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 317 (pt 12/12)
Character Range: 1848710–1850602

tainted services income has the meaning given by section 448.
tax accounting period, in relation to an entity, in relation to a foreign tax imposed by a tax law of a listed country, means the accounting period used by the entity for the purposes of determining the tax base under that law.
tax detriment has the meaning given by section 330.
tax law, in relation to a listed country or an unlisted country, means:
 (a) if the listed country or the unlisted country has federal foreign tax and either or both of the following:
 (i) State foreign tax;
 (ii) municipal foreign tax;
  the law of the listed country or the unlisted country that imposes the federal foreign tax; or
 (b) in any other case—the law of the listed country or the unlisted country that imposes foreign tax.
transitional finance share has the meaning given by section 327B.
transitional finance share dividend means a dividend in respect of a transitional finance share.
trust means:
 (a) an entity in the capacity of trustee (including an entity that manages a trust if there is no trustee); or
 (b) as the case requires, a trust or trust estate.
unlisted country has the meaning given by section 320.
widely distributed finance share has the meaning given by section 327A.
widely distributed finance share dividend means a dividend in respect of a widely distributed finance share.
 (2) Where, if all offshore borrowings made by persons when they were offshore banking units were taken to be tax exempt loan money of the persons for the purposes of Division 11A of Part III, an offshore loan, or other transfer, of an amount by a person would, for the purposes of that Division, be an offshore loan, or other transfer, of tax exempt loan money of the person, the offshore loan, or other transfer, of the amount is an offshore banking transfer of the person for the purposes of the definition of tainted interest income.