Document ID: chunk:federal_register_of_legislation:C2005C00282:clause:3_73h
Version: federal_register_of_legislation:C2005C00282
Segment Type: clause
Provision Reference: sch 3 cl 73H
Character Range: 91002–92623

73H  Interpretation

 (1) For the purposes of interpretation, sections 73I, 73J, 73K, 72L and 73M are to be read and construed as if they were part of sections 73B, 73BA and 73BH.

 (2) In sections 73I, 73J, 73K, 72L and 73M:

affiliate has the meaning given by section 73M.

fixed trust estate: a trust estate is a fixed trust estate if persons have fixed entitlements to all of the income and capital of the trust estate.

gambling supply has the meaning given by section 195‑1 of the GST Act.

global GST amount has the meaning given by section 195‑1 of the GST Act.

person includes (as well as a company):
 (a) a body politic; and
 (b) a partnership; and
 (c) any other unincorporated association or body of persons; and
 (d) a trust estate; and
 (e) a superannuation fund.

R&D group turnover has the meaning given by section 73K.

taxable supply includes a supply made in the course of carrying on research and development activities.

tax offset has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.

value of the supplies: the value of the supplies a taxpayer makes in a year of income is:
 (a) for taxable supplies (if any) the taxpayer made during the year in the course of carrying on a business or in the course of carrying on research and development activities—the value (as defined by section 9‑75 of the GST Act) of the supplies; and
 (b) for other supplies the taxpayer made during the year in the course of carrying on a business or in the course of carrying on research and development activities—the prices (as defined by section 9‑75 of the GST Act) of the supplies.