Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p11
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 11/59)
Character Range: 7893404–7896050

in the Corporations Act 2001.
corporate limited partnership has the meaning given by section 94D of the Income Tax Assessment Act 1936.
corporate tax entity has the meaning given by section 960‑115.
corporate tax gross‑up rate, of an entity for an income year, means the amount worked out using the following formula:
corporate tax rate:
 (a) in relation to a company to which paragraph 23(2)(a) of the Income Tax Rates Act 1986 applies—means the rate of tax in respect of the taxable income of a company covered by that paragraph; or
 (b) in relation to another entity—means the rate of tax in respect of the taxable income of a company covered by paragraph 23(2)(b) of that Act.
corporate tax rate for imputation purposes, of an entity for an income year, means:
 (a) unless paragraph (b) applies—the entity's *corporate tax rate for the income year, worked out on the assumptions that:
 (i) the entity's *aggregated turnover for the income year is equal to its aggregated turnover for the previous income year; and
 (ii) the entity's base rate entity passive income (within the meaning of the Income Tax Rates Act 1986) for the income year is equal to its base rate entity passive income for the previous income year; and
 (iii) the entity's assessable income for the income year is equal to its assessable income for the previous income year; or
 (b) if the entity did not exist in the previous income year—the rate of tax in respect of the taxable income of a company covered by paragraph 23(2)(a) of the Income Tax Rates Act 1986.
cost:
 (a) cost of a *depreciating asset has the meaning given by Subdivision 40‑C; and
 (b) cost of an item of *trading stock, in the case of an animal that you acquired by natural increase, has the meaning given by section 70‑55; and
Note: The cost of an animal acquired by natural increase before the 1997‑98 income year is the cost price of the animal under former section 34 of the Income Tax Assessment Act 1936. See subsection 70‑55(2) of the Income Tax (Transitional Provisions) Act 1997.
 (c) cost of a *registered emissions unit has the meaning given by section 420‑60.
cost base of a *CGT asset has the meaning given by Subdivision 110‑A.
cost‑free debt capital has the meaning given by section 820‑946.
COT transfer of a loss has the meaning given by section 707‑210.
country by country reporting entity has the meaning given by section 815‑370.
country by country reporting group has the meaning given by section 815‑380.
country by country reporting parent has the meaning given by section 815‑375.
CRC program means the program administered by the Commonwealth known as the Cooperative Research