Document ID: chunk:federal_register_of_legislation:C2024C00818:section:2:p1
Version: federal_register_of_legislation:C2024C00818
Segment Type: section
Provision Reference: s 2 (pt 1/9)
Character Range: 11397–14086

2  Defined terms
  In this Act, unless the contrary intention appears:
Aboriginal person has the meaning given by subsection 4(1) of the Aboriginal and Torres Strait Islander Act 2005.
access authority means a petroleum access authority within the meaning of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
accounts includes:
 (a) ledgers; and
 (b) journals; and
 (c) statements of financial performance; and
 (d) profit and loss accounts; and
 (e) balance‑sheets; and
 (f) statements of financial position;
and also includes statements, reports and notes attached to, or intended to be read with, anything covered by any of the above paragraphs.
acquisition has the meaning given by section 195‑1 of the GST Act.
agent includes:
 (a) a person who, for and on behalf of a person out of Australia, has the management or control in Australia of the whole or a part of a business of the second‑mentioned person; and
 (b) a person declared by the Commissioner, by notice in writing served on the person, to be an agent or the sole agent of a person for the purposes of this Act.
annual transfer has the meaning given by subsection 45E(4).
applicable commencement date, in relation to a petroleum project, means:
 (a) unless paragraph (b) or (c) applies—1 July 1986; or
 (b) if the project is the Bass Strait project, or if the Bass Strait project is a pre‑combination project in relation to the project—1 July 1990; or
 (c) if the project is the North West Shelf project—1 July 2012.
applicable foreign currency has the meaning given by section 58C.
apportionment percentage figure:
 (a) in relation to a year of tax—has the meaning given by subsection 2C(2); and
 (b) in relation to any other period—has the meaning given by subsection 2C(3).
approved form has the meaning given by section 388‑50 in Schedule 1 to the Taxation Administration Act 1953.
Note: Forms previously approved by the Commissioner under this Act continue in effect: see item 230 of Schedule 10 to the Tax Laws Amendment (2004 Measures No. 7) Act 2005.
assessment means the ascertainment of the amount of a person's taxable profit (or that a person has no taxable profit) in relation to a year of tax and a petroleum project, and of the tax payable on that amount (or that no tax is payable).
Australia, when used in a geographical sense, has the same meaning as in the Income Tax Assessment Act 1997.
Australian law has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
basic company group has the meaning given by section 2B.
Bass Strait exploration permit means the exploration permit known as VIC/P1.
Bass Strait project means the petroleum project referred to in subsection