Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p46
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 46/59)
Character Range: 7982127–7984771

Income Tax Assessment Act 1936.
listed investment company has the meaning given by section 115‑290.
listed public company means 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. However, a company is not a listed public company if:
 (a) a person (who is not a company) controls, or is able to control, or up to 20 persons (none of them companies) between them control, or are able to control, 75% or more of the voting power in the company (whether directly, or indirectly through one or more interposed entities); or
 (b) a person (who is not a company) has, or up to 20 persons (none of them companies) have between them, the right to receive for their own benefit (whether directly, or *indirectly through one or more interposed entities) 75% or more of any *dividends that the company may pay; or
 (c) a person (who is not a company) has, or up to 20 persons (none of them companies) have between them, the right to receive for their own benefit (whether directly, or *indirectly through one or more interposed entities) 75% or more of any distribution of capital of the company.
listed widely held trust has the meaning given by section 272‑115 in Schedule 2F to the Income Tax Assessment Act 1936.
live stock does not include animals used as beasts of burden or working beasts in a *business other than a *primary production business.
local governing body means a local governing body established by or under a *State law or *Territory law.
lodge electronically: a document is lodged electronically if it is transmitted to the Commissioner in an electronic format approved by the Commissioner.
long service leave employment period has the meaning given by subsection 83‑90(4).
long term bond rate, for a period, means:
 (a) the average, expressed as a decimal fraction to 4 decimal places (rounding up if the fifth decimal place is 5 or more), of the daily assessed Australian Government bond capital market yields in respect of 10‑year non‑rebate Treasury bonds published by the Reserve Bank in relation to the period; or
 (b) if no such yields in respect of bonds of that kind were published by the Reserve Bank in relation to the period, the decimal fraction determined by the Minister by legislative instrument for the purposes of this definition in relation to the period.
look‑through earnout right has the meaning given by subsection 118‑565(1) or (4).
losing entity for an *indirect value shift has the meaning given by section 727‑150.
loss carry back choice has the meaning given by section 160‑15.
loss carry