Document ID: chunk:federal_register_of_legislation:C2025C00014:section:6:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 6 (pt 1/19)
Character Range: 8189–10783

6  Interpretation
 (1AA) So far as a provision of the Income Tax Assessment Act 1936 gives an expression a particular meaning, the provision does not also have effect for the purposes of the Income Tax Assessment Act 1997 (the 1997 Act), or for the purposes of Schedule 1 to the Taxation Administration Act 1953, except as provided in the 1997 Act or in that Schedule.
 (1) In this Act, unless the contrary intention appears:
100% subsidiary has the same meaning as in the Income Tax Assessment Act 1997.
adjusted fringe benefits total, of a taxpayer for a year of income, has the meaning given by clause 4 of Schedule 3 to the A New Tax System (Family Assistance) Act 1999.
adjusted taxable income for rebates means adjusted taxable income (within the meaning of the A New Tax System (Family Assistance) Act 1999, disregarding clauses 3 and 3A of Schedule 3 to that Act).
AFOF means an Australian venture capital fund of funds within the meaning of subsection 118‑410(3) of the Income Tax Assessment Act 1997.
agent: this Act applies to some entities (within the meaning of the Income Tax Assessment Act 1997) that are not agents in the same way as it applies to agents: see section 960‑105 of the Income Tax Assessment Act 1997.
allowable deduction has the same meaning as deduction has in the Income Tax Assessment Act 1997.
AMIT (short for attribution managed investment trust) has the same meaning as in the Income Tax Assessment Act 1997.
amount paid‑up on a share means the amount (if any), including any premium, paid on that share.
amount unpaid on a share means the amount (if any) unpaid on that share.
apportionable deductions has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
approved form has the meaning given by section 388‑50 in Schedule 1 to the Taxation Administration Act 1953.
approved stock exchange has the same meaning as in the Income Tax Assessment Act 1997.
assessable income has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
assessment means:
 (a) the ascertainment:
 (i) of the amount of taxable income (or that there is no taxable income); and
 (ii) of the tax payable on that taxable income (or that no tax is payable); and
 (iii) of the total of a taxpayer's tax offset refunds for a year of income (or that the taxpayer can get no such refunds for the year of income); or
Note 1: A taxpayer does not have a taxable income if the taxpayer's deductions equal or exceed the taxpayer's assessable income: see subsection 4‑15(1) of the Income Tax Assessment Act 1997.
Note 2: A taxpayer may have no