Document ID: chunk:federal_register_of_legislation:C2025C00126:clause:3_5:p7
Version: federal_register_of_legislation:C2025C00126
Segment Type: clause
Provision Reference: sch 3 cl 5 (pt 7/12)
Character Range: 866653–869385

(c) has the right to receive (whether directly, or indirectly through one or more interposed companies) at least 90% of any distribution of capital of the subsidiary company.

Part 6‑3—Dictionary

Division 195—Dictionary

195‑1  Dictionary
  In this Act, except so far as the contrary intention appears:
90% owned group has the meaning given by section 190‑1.
100% subsidiary has the meaning given by section 975‑505 of the *ITAA 1997.
ABN has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999.
account on a cash basis: you account on a cash basis while a choice you make under section 29‑40, or a permission of the Commissioner under section 29‑45 in relation to you, has effect.
account on the same basis: 2 or more *companies account on the same basis if:
 (a) each company *accounts on a cash basis; or
 (b) none of the companies account on a cash basis.
ACNC‑registered charity means an entity that is registered under the Australian Charities and Not‑for‑profits Commission Act 2012 as the type of entity mentioned in column 1 of item 1 of the table in subsection 25‑5(5) of that Act.
ACNC‑registered religious institution means an institution that is:
 (a) an *ACNC‑registered charity; and
 (b) registered under the Australian Charities and Not‑for‑profits Commission Act 2012 as the subtype of entity mentioned in column 2 of item 4 of the table in subsection 25‑5(5) of that Act.
acquisition has the meaning given by section 11‑10.
actual application of a thing has the meaning given by section 129‑40.
additional consideration includes the meaning given by subsection 133‑5(3).
adjustment means an *increasing adjustment or a *decreasing adjustment.
adjustment event has the meaning given by sections 19‑10 and 69‑50.
adjustment note means a document that complies with the requirements of subsection 29‑75(1) and (if applicable) section 54‑50.
adjustment period has the meaning given by Subdivision 129‑B.
adult and community education course means a course of study or instruction that is likely to add to the employment related skills of people undertaking the course and:
 (a) is of a kind determined by the *Student Assistance Minister to be an adult and community education course and is provided by, or on behalf of, a body:
 (i) that is a *higher education institution; or
 (ii) that is recognised, by a State or Territory authority, as a provider of courses of a kind described in the determination; or
 (iii) that is funded by a State or Territory on the basis that it is a provider of courses of a kind described in the determination; or
 (b) is determined by the Student Assistance Minister to be an adult and community education course.
Aged Care Minister means the