Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p11
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 11/242)
Character Range: 8108715–8111478

an entity and at a particular time has the meaning given by subsection 820‑932(1).
worldwide equity of an entity and at a particular time has the meaning given by subsection 820‑932(2).
worldwide gearing debt amount:
 (a) for an *outward investing financial entity (non‑ADI)—has the meaning given by sections 820‑110 and 820‑111; and
 (c) for an inward investment vehicle (financial)—has the meaning given by section 820‑217; and
 (e) for an *inward investor (financial)—has the meaning given by section 820‑219.
written down value of a *depreciating asset has the meaning given by section 45‑40.
you has the meaning given by section 4‑5.
your area has the meaning given by sections 43‑115 and 43‑120.
your construction expenditure has the meaning given by sections 43‑115 and 43‑120.
your earning activity has the meaning given by section 40‑755.
zero‑capital amount has the meaning given by section 820‑942.
 (2) So far as a provision of the Income Tax Assessment Act 1997 gives an expression a particular meaning, the provision:
 (a) does not also have effect for the purposes of the Income Tax Assessment Act 1936 (the 1936 Act), except as provided in the 1936 Act; and
 (b) does not also have effect for the purposes of Part IVC of the Taxation Administration Act 1953, except as provided in that Part.

Income Tax Assessment Act 1997

No. 38, 1997

Compilation No. 256

Compilation date: 1 January 2025

                Includes amendments: Act No. 136, 2024 and Act No. 138, 2024

This compilation is in 12 volumes

Volume 1: sections 1‑1 to 36‑55
Volume 2: sections 40‑1 to 67‑30
Volume 3: sections 70‑1 to 121‑35
Volume 4: sections 122‑1 to 197‑85
Volume 5: sections 200‑1 to 253‑15
Volume 6: sections 275‑1 to 313‑85
Volume 7: sections 315‑1 to 420‑70
Volume 8: sections 615‑1 to 721‑40
Volume 9: sections 723‑1 to 880‑205
Volume 10: sections 900‑1 to 995‑1
Volume 11: Endnotes 1 to 3
Volume 12: Endnotes 4 and 5

Each volume has its own contents

About this compilation

This compilation

This is a compilation of the Income Tax Assessment Act 1997 that shows the text of the law as amended and in force on 1 January 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

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