Document ID: chunk:federal_register_of_legislation:C2025C00014:section:317:p8
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 317 (pt 8/12)
Character Range: 1838844–1841534

CFC that is made in paragraph 383(a).
retention period, in relation to a statutory accounting period, means the period of 5 years commencing at the end of the statutory accounting period.
sale, in relation to goods, includes exchange or hire‑purchase and purchase, when used in relation to goods, has a corresponding meaning.
services includes any benefit, right (including a right in relation to, and an interest in, real or personal property), privilege or facility and, without limiting the generality of the foregoing, includes a right, benefit, privilege, service or facility that is, or is to be, provided under:
 (a) an arrangement for or in relation to:
 (i) the performance of work (including work of a professional nature), whether with or without the provision of property; or
 (ii) the provision of, or of the use of facilities for, entertainment, recreation or instruction; or
 (iii) the conferring of rights, benefits or privileges for which remuneration is payable in the form of a royalty, tribute, levy or similar exaction; or
 (b) a contract of insurance; or
 (c) an arrangement for or in relation to the lending of money.
ship means a vessel or boat of any description, and includes:
 (a) an air‑cushion vehicle; and
 (b) any floating structure.
special excluded rental income, in relation to a company, in relation to a statutory accounting period, means income derived by the company in the statutory accounting period by way of rent, where:
 (a) the income was derived by the company from a CFC; and
 (b) at all times during the statutory accounting period when the income accrued:
 (i) the CFC was an associate of the company; and
 (ii) the company was a resident of a particular listed country or a particular unlisted country; and
 (iii) the CFC was also a resident of that listed country or that unlisted country, as the case may be; and
 (c) the income was taxed in that listed country or that unlisted country, as the case may be, at the country's normal company tax rate (see section 325); and
 (d) the income would not have been, in whole or in part, a notional allowable deduction of the CFC if it were assumed that the CFC had failed to pass the active income test in relation to any statutory accounting period of the CFC.
statutory accounting period has the meaning given by section 319.
subject to tax has the meaning given by section 324.
tainted asset, in relation to a company, means:
 (a) any of the following:
 (i) loans (including deposits with a bank or other financial institution);
 (ii) debenture stock, bonds, debentures, certificates of entitlement, bills of exchange, promissory notes or other securities;
 (iii) shares in a company;
 (iv) an