Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p7
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 7/242)
Character Range: 8098776–8101601

31 ([1994] ATS 31) and could in 2014 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
unlisted country has the meaning given by section 320 of the Income Tax Assessment Act 1936.
unrecouped FMD deduction (short for unrecouped farm management deposit deduction) has the meaning given by subsections 393‑10(2), 393‑16(3) and 393‑55(6) and (7).
untainting tax has the meaning given by subsection 197‑60(2).
untaxable Commonwealth entity means an untaxable Commonwealth entity as defined by section 195‑1 of the *GST Act.
untaxed plan cap amount has the meaning given in section 307‑350.
unused allocation of exploration credits from an income year has the meaning given by section 418‑82.
unused annual leave payment has the meaning given by section 83‑10.
unused concessional contributions cap has the meaning given by section 291‑20.
unused long service leave payment has the meaning given by section 83‑75.
unused tax profit on the disposal or death has the meaning given by subsection 385‑110(3).
unutilised means not *utilised.
up interest has the meaning given by section 725‑155.
utilise, a *tax loss, a *net capital loss or *net exempt income, has the meaning given by section 960‑20.
valuation days, in relation to the calculation of the average value of a matter for an entity under Division 820, means the particular days at which the value of that matter is measured under Subdivision 820‑G for the purposes of that calculation.
Valuation Standard means any prudential standard made under section 230A of the Life Insurance Act 1995 that:
 (a) provides for a valuation of the policy liabilities mentioned in subsection 114(2) of the Life Insurance Act 1995; and
 (b) is in force under that Act.
valuation time for a *life insurance company has the meaning given by sections 320‑175 and 320‑230.
Note: This definition is affected by section 713‑525.
value:
 (a) the value of the liabilities of a *life insurance company under the *risk components of *life insurance policies means the value worked out under section 320‑85; and
 (b) the value of an item of *trading stock has the meaning given by Subdivision 70‑C; and
 (c) the value of a *registered emissions unit has the meaning given by Subdivision 420‑D; and
 (d) the value of a *superannuation interest has the meaning given by subsection 307‑205(1).
variation credit component has the meaning given by section 45‑610 in Schedule 1 to the Taxation Administration Act 1953.
variation GIC component has the meaning given by section 45‑610 in Schedule 1 to the Taxation Administration Act 1953.
VBIF (short for value of business in force) has the meaning given by section 820‑310.
VCLP means a *venture capital limited partnership.
VCMP means a venture capital management partnership within the meaning of subsection