Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_9:p1
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 9 (pt 1/14)
Character Range: 904067–906806

9                       Section 141‑50                                                                              Tradex scheme goods

Note: Increasing adjustments increase your net amounts.
indirect tax zone means Australia (within the meaning of the *ITAA 1997), but does not include any of the following:
 (a) the external Territories;
 (b) an offshore area for the purpose of the Offshore Petroleum and Greenhouse Gas Storage Act 2006;
other than an installation (within the meaning of the Customs Act 1901) that is deemed by section 5C of the Customs Act 1901 to be part of Australia and that is located in an offshore area.
individual means a natural person.
industrial instrument has the meaning given by section 995‑1 of the *ITAA 1997.
ineligible for the margin scheme has the meaning given by subsections 75‑5(3) and (4).
inherit: you inherit a freehold interest in land, a stratum unit or a long‑term lease if you become an owner of the interest, unit or lease:
 (a) under the will of a deceased person, or that will as varied by a court order; or
 (b) by operation of an intestacy law, or such a law as varied by a court order; or
 (c) because it is appropriated to you by the legal personal representative of a deceased person in satisfaction of a pecuniary legacy or some other interest or share in the deceased person's estate; or
 (d) under a deed of arrangement if:
 (i) you entered into the deed to settle a claim to participate in the distribution of the deceased person's estate; and
 (ii) any *consideration given by you for the interest, unit or lease consisted only of the variation or waiver of a claim to one or more other assets that formed part of the estate.
input tax credit means an entitlement arising under section 11‑20 or 15‑15.
input taxed has the meaning given by subsection 9‑30(2) and Division 40.
instalment tax period has the meaning given by subsection 162‑55(3).
instalment turnover threshold has the meaning given by subsection 162‑5(2).
insurance broker has the meaning given by section 11 of the Insurance Contracts Act 1984.
insurance policy means a policy of insurance (or of reinsurance) against loss, damage, injury or risk of any kind, whether under a contract or a law. However, it does not include such a policy to the extent that it does not relate to insurance (or reinsurance) against loss, damage, injury or risk of any kind.
insurance policy settlement sharing arrangement has the meaning given by subsection 80‑5(1).
intended or former application of a thing has the meaning given by section 129‑40.
international transport means:
 (a) in relation to the export of goods—the transport of the goods from their *place of export in the indirect tax zone to a destination outside the