Document ID: chunk:federal_register_of_legislation:C2025C00133:section:5:p2
Version: federal_register_of_legislation:C2025C00133
Segment Type: section
Provision Reference: s 5 (pt 2/4)
Character Range: 13291–16013

or engaged by the Department.
exempt entity means an entity in relation to which a determination under subsection 10P(1) is in effect.
fast small business payer: see subsection 22J(1).
Federal Court means the Federal Court of Australia.
financial year, in relation to an entity:
 (a) if a paragraph of the definition of financial year in section 9 of the Corporations Act 2001 applies to the entity—has the meaning given by that definition; or
 (b) otherwise—means an income year for the entity.
foreign entity has the same meaning as in the Income Tax Assessment Act 1997.
income tax has the same meaning as in the Income Tax Assessment Act 1997.
income year for an entity:
 (a) has the same meaning as in the Income Tax Assessment Act 1997; or
 (b) if income tax is not payable by the entity under that Act—means:
 (i) a period of 12 months starting on 1 July; or
 (ii) if the rules prescribe a period of 12 months—the prescribed period.
internal decision reviewer has the meaning given by subsection 53(1).
issuing officer means:
 (a) a magistrate; or
 (b) a Judge of the Federal Court or the Federal Circuit and Family Court of Australia (Division 2).
list of fast small business payers means the list maintained and published on the register in accordance with section 22K.
payment times report means a report prepared for the purposes of Division 2 of Part 2 (reporting payment times).
Payment Times Small Business Identification Tool has the meaning prescribed by the rules.
principal governing body, of an entity, means:
 (a) the body, or group of members of the entity, with primary responsibility for the governance of the entity; or
 (b) if the entity is of a kind prescribed by the rules—a prescribed body within the entity, or a prescribed member or members of the entity.
Example: Examples of principal governing bodies are as follows:
(a) for a company—the company's board of directors;
(b) for a superannuation fund—the fund's board of trustees.
protected information means information obtained under, or in accordance with, this Act.
provisional reporting period, of an entity, means a period in a financial year:
 (a) if the entity is a reporting entity or a reporting nominee for the whole of the financial year—that is a reporting period of the entity in the financial year; or
 (b) otherwise—that would be a reporting period for the entity if the entity were a reporting entity or a reporting nominee for the whole of the financial year.
reconsideration decision means a decision made under subsection 53(2).
register means the Payment Times Reports Register established under section 17.
Regulator has the meaning given by subsection 24(3).
Regulatory Powers Act means the Regulatory Powers (Standard