Document ID: chunk:federal_register_of_legislation:C2024C00381:section:3:p2
Version: federal_register_of_legislation:C2024C00381
Segment Type: section
Provision Reference: s 3 (pt 2/5)
Character Range: 7771–10468

Tax Assessment Act 1997.
maximum tax rate provision means any of the following provisions:
 (a) section 82‑10 of the Income Tax Assessment Act 1997;
 (b) section 82‑65 of the Income Tax Assessment Act 1997;
 (c) section 82‑70 of the Income Tax Assessment Act 1997;
 (d) section 301‑95 of the Income Tax Assessment Act 1997;
 (e) section 301‑105 of the Income Tax Assessment Act 1997;
 (f) section 301‑115 of the Income Tax Assessment Act 1997;
 (g) section 82‑10A of the Income Tax (Transitional Provisions) Act 1997;
 (h) section 82‑10C of the Income Tax (Transitional Provisions) Act 1997.
net income phase‑out limit has the meaning given by subsection 14(3).
non‑arm's length component has the same meaning as in the Income Tax Assessment Act 1997.
non‑complying ADF means a fund that, at all times during the year of income when the fund is in existence, is an approved deposit fund within the meaning of the Income Tax Assessment Act 1997, but does not include a fund that is a complying ADF.
non‑complying superannuation fund has the same meaning as in the Income Tax Assessment Act 1997.
non‑profit company means:
 (a) a company that is not carried on for the purposes of profit or gain to its individual members and is, by the terms of the company's constituent document, prohibited from making any distribution, whether in money, property or otherwise, to its members; or
 (b) a friendly society dispensary.
non‑resident beneficiary, in relation to a year of income, means a beneficiary of a trust estate who is a prescribed non‑resident in relation to that year of income.
non‑resident phase‑out limit has the meaning given by subsection 15(8).
non‑resident taxpayer, in relation to a year of income, means a taxpayer who is a prescribed non‑resident in relation to that year of income.
non‑resident trust estate, in relation to a year of income, means a trust estate that is not a resident trust estate in relation to that year of income.
no‑TFN contributions income has the same meaning as in the Income Tax Assessment Act 1997.
ordinary class of the taxable income of a life insurance company has the same meaning as in the Income Tax Assessment Act 1997.
ordinary taxable income means the taxable income, reduced by the superannuation remainder of the taxable income and by the employment termination remainder of the taxable income.
PDF (pooled development fund) has the same meaning as in the Assessment Act.
PDF component has the same meaning as in the Assessment Act.
pooled superannuation trust has the same meaning as in the Income Tax Assessment Act 1997.
prescribed non‑resident, in relation to a year of income, means a person who, at all times during the year of income, is