Document ID: chunk:federal_register_of_legislation:C2025C00134:section:66:p3
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 66 (pt 3/3)
Character Range: 448810–450454

that is held by the entity;
where the real property is used wholly and exclusively in one or more businesses (whether carried on by the entity or not), but does not include any interest held in the capacity of beneficiary of a trust estate.
listed security means a security listed for quotation in the official list of any of the following:
 (a) a licensed market within the meaning of the Corporations Act 2001; or
 (b) an approved stock exchange within the meaning of the Income Tax Assessment Act 1997; or
 (c) a market exempted under section 791C of the Corporations Act 2001.
primary production business has the same meaning as in the Income Tax Assessment Act 1997.
scheme means:
 (a) any agreement, arrangement, understanding, promise or undertaking:
 (i) whether express or implied; or
 (ii) whether or not enforceable, or intended to be enforceable, by legal proceedings; and
 (b) any scheme, plan, proposal, action, course of action or course of conduct, whether unilateral or otherwise.

Real property used in primary production business
 (6) For the purposes of the definition of business real property in subsection (5), real property used in one or more primary production businesses does not cease to be used wholly and exclusively in that business or those businesses only because:
 (a) an area of the real property, not exceeding 2 hectares, contains a dwelling used primarily for domestic or private purposes; and
 (b) the area is also used primarily for domestic or private purposes;
provided that the use for domestic or private purposes referred to in paragraphs (a) and (b) is not the predominant use of the real property.