Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2f:p78
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2F (pt 78/79)
Character Range: 2395094–2397677

loss year means the income year in which a tax loss was incurred.
member of a company includes a shareholder, stockholder or holder of a life insurance policy of the company.
more than a 50% stake has the meaning given by section 269‑50.
mutual affiliate company has the meaning given by section 121AC.
mutual insurance company has the meaning given by section 121AB.
non‑fixed trust has the meaning given by section 272‑70.
pass the 50% stake test has the meaning given by section 269‑55.
pass the business continuity test has the meaning given by Subdivision 269‑F.
pass the family control test has the meaning given by section 272‑87.
pass the pattern of distributions test has the meaning given by section 269‑60.
pooled superannuation trust means a pooled superannuation trust within the meaning of section 48 of the Superannuation Industry (Supervision) Act 1993.
scheme has the same meaning as in subsection 177A(1).
special company means:
 (a) a mutual affiliate company; or
 (b) a mutual insurance company; or
 (c) a company whose constituent document prevents it from distributing both income and capital (within the meaning of section 272‑50) to any member of the company; or
 (d) a credit union, within the meaning of section 3 of the Financial Institutions Codes (as defined in section 111AZC of the Corporations Act 2001), whose constituent documents prevent it from paying dividends to its members; or
 (e) a company that is prescribed by the regulations.
specified individual in relation to a family trust election has the meaning given by subsection (2).
tax loss means:
 (a) a loss within the meaning of former section 79E, 80 or 80AA; or
 (b) a film loss within the meaning of former section 79F or 80AAA; or
 (c) a tax loss worked out under section 36‑10 of the Income Tax Assessment Act 1997 (including such a tax loss as increased under section 415‑15 of that Act).
trading in units in a unit trust has the meaning given by section 269‑10.
unlisted very widely held trust has the meaning given by section 272‑120.
unlisted widely held trust has the meaning given by section 272‑110.
wholesale widely held trust has the meaning given by section 272‑125.
widely held unit trust has the meaning given by section 272‑105.
 (2) A reference in this Schedule to a person specified in a family trust election is a reference to:
 (a) if the family trust election has not been varied—the person specified for the purposes of subsection 272‑80(3); or
 (b) if the family trust election has been varied—the person most recently specified under subsection 272‑80(5A) or (5C).