Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p54
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 54/59)
Character Range: 8001562–8004400

life insurance policies has the meaning given by subsection 713‑515(4).
net overstated amount has the meaning given by subsection 104‑525(3).
net premium for a *life insurance policy means the amount of the *life insurance premium for the policy less the part (if any) of that premium that is reinsured under a *contract of reinsurance.
net risk component of a *life insurance policy means so much of the policy's risk component as:
 (a) is not reinsured under a *contract of reinsurance; or
 (b) is reinsured under a contract of reinsurance to which subsection 148(1) of the Income Tax Assessment Act 1936 applies.
net small business income, of a *small business entity, has the meaning given by section 328‑365.
net understated amount has the meaning given by subsection 104‑525(3).
net value of an entity means the amount by which the sum of the *market values of the assets of the entity exceeds the sum of its liabilities.
net value of the CGT assets of an entity has the meaning given by section 152‑20.
neutralising amount:
 (a) for a *hybrid payer mismatch—has the meaning given by section 832‑330; and
 (b) for a *deducting hybrid mismatch—has the meaning given by section 832‑560.
new investment threshold has the meaning given by section 41‑35.
new residential premises has the same meaning as in the *GST Act.
New Zealand‑sourced amount has the meaning given by the regulations mentioned in section 312‑5 (about trans‑Tasman portability of retirement savings).
non‑ADI financial institution has the meaning given by subsection 128A(1) of the Income Tax Assessment Act 1936.
non‑arm's length component has the meaning given by section 295‑545.
non‑arm's length income has the meaning given by sections 295‑550 and 275‑610.
non‑arm's length limited recourse debt has the meaning given by subsection 243‑20(7).
non‑assessable non‑exempt income has the meaning given by section 6‑23.
non‑cash benefit is property or services in any form except money. If a non‑cash benefit is dealt with on behalf of an entity, or is provided or dealt with as an entity directs, the benefit is taken to be provided to the entity.
non‑complying approved deposit fund means an *approved deposit fund that is not a *complying approved deposit fund.
non‑complying superannuation fund means a *superannuation fund that:
 (a) is a fund; and
 (b) is not a *complying superannuation fund.
non‑compulsory, in relation to a *uniform, has the meaning given by subsection 34‑15(2).
non‑concessional contributions has the meaning given by section 292‑90.
non‑concessional contributions cap has the meaning given by section 292‑85.
non‑concessional MIT income has the meaning given by section 12‑435 in Schedule 1 to the Taxation Administration Act 1953.
non‑debt liabilities, of an entity and at a particular time, means liabilities that the entity has at that