Document ID: chunk:federal_register_of_legislation:C2025C00014:section:102aab:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 102AAB (pt 3/5)
Character Range: 706496–709152

trust estate.
non‑resident family trust has the meaning given by section 102AAH.
non‑resident trust estate (except in section 102AAA), in relation to a year of income, means a trust estate that is not a resident trust estate in relation to the year of income.
non‑resident year of income, in relation to a trust estate, means a year of income in relation to which the trust estate is a non‑resident trust estate.
profits includes gains, whether of an income or capital nature.
property includes money.
public trading trust, in relation to a year of income, means a unit trust that is a public trading trust in relation to the year of income for the purposes of Division 6C.
public unit trust has the meaning given by section 102AAF.
resident trust estate, in relation to a year of income, means:
 (a) a resident trust estate in relation to the year of income within the meaning of Division 6; or
 (b) a unit trust that is a public trading trust, in relation to the year of income; or
 (c) a complying superannuation fund, a non‑complying superannuation fund, a complying approved deposit fund, a non‑complying approved deposit fund or a pooled superannuation trust in relation to the year of income.
scheme means:
 (a) any agreement, arrangement, understanding, promise or undertaking, whether express or implied and whether or not enforceable, or intended to be enforceable, by legal proceedings; and
 (b) any scheme, plan, proposal, action, course of action or course of conduct, whether there are 2 or more parties or only one party involved.
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 benefit, right, 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 benefits, rights 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.
subject to tax has the same meaning as in Part X.
tax accounting period has the same meaning as in Part X.
tax law, in relation to a listed country or an unlisted country, has the same meaning as in Part X.
tax offset has the same meaning as in the Income Tax Assessment Act 1997.
transfer:
 (a)