Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p8
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 8/242)
Character Range: 8101339–8104069

to the Taxation Administration Act 1953.
VBIF (short for value of business in force) has the meaning given by section 820‑310.
VCLP means a *venture capital limited partnership.
VCMP means a venture capital management partnership within the meaning of subsection 94D(3) of the Income Tax Assessment Act 1936.
venture capital credit has the meaning given by section 210‑105.
venture capital debit has the meaning given by section 210‑120.
venture capital deficit has the meaning given by section 210‑130.
venture capital deficit tax means tax imposed under the New Business Tax System (Venture Capital Deficit Tax) Act 2003.
venture capital entity has the meaning given by section 118‑515.
venture capital equity has the meaning given by section 118‑525.
venture capital limited partnership has the meaning given by subsection 118‑405(2).
venture capital sub‑account means a sub‑account that arises under section 210‑100.
venture capital sub‑account balance has the meaning given by section 214‑35.
venture capital surplus has the meaning given by section 210‑130.
visiting force has the meaning given by section 5 of the Defence (Visiting Forces) Act 1963.
voting share in a company means:
 (a) if the company is a body corporate—a voting share as defined by section 9 of the Corporations Act 2001; and
 (b) otherwise—a share that would be a voting share as defined by that section if the company were a body corporate.
voting stake has the meaning given by section 166‑235.
Water Department means the Department administered by the *Water Minister.
water entitlement has the meaning given by section 124‑1105.
water facility has the meaning given by section 40‑520.
Water Minister means the Minister administering the Water Act 2007.
Water Secretary means the Secretary of the *Water Department.
whole of life policy has the meaning given by section 295‑480.
wholly‑owned group has the meaning given by section 975‑500.
wholly‑owned subsidiary of an entity has the meaning given by section 703‑30.
widely held company means:
 (a) a company, *shares in which (except shares that carry a right to a fixed rate of *dividend) are listed for quotation in the official list of an *approved stock exchange; or
 (b) a company with more than 50 members, other than a company where at least one of the following conditions is met during an income year:
 (i) no more than 20 persons held, or had the right to acquire or become the holders of, shares representing at least 75% of the value of the shares in the company (other than shares that only carry a right to a fixed rate of dividend);
 (ii) at least 75% of the voting power in the company was capable of being exercised by no more than 20 persons;
 (iii) at least 75% of the amount of