Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p9
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 9/242)
Character Range: 8103871–8106433

only carry a right to a fixed rate of dividend);
 (ii) at least 75% of the voting power in the company was capable of being exercised by no more than 20 persons;
 (iii) at least 75% of the amount of any dividend paid by the company during the year was paid to no more than 20 persons;
 (iv) if no dividend was paid by the company during the year—the Commissioner is of the opinion that, if a dividend had been paid by the company during the year, at least 75% of the amount of the dividend would have been paid to no more than 20 persons.
widely held entity has the meaning given by subsection 842‑230(2).
widely held foreign venture capital fund of funds has the meaning given by subsection 118‑420(6).
wine has the meaning given by Subdivision 31‑A of the *Wine Tax Act.
wine tax has the meaning given by section 33‑1 of the *Wine Tax Act.
Wine Tax Act means the A New Tax System (Wine Equalisation Tax) Act 1999.
wine tax credit has the meaning given by section 33‑1 of the *Wine Tax Act.
wine tax law has the meaning given by section 33‑1 of the *Wine Tax Act.
WIP amount asset has the meaning given by subsection 701‑63(6).
withholder means a *large withholder, a *medium withholder or a *small withholder.
withholding MIT has the meaning given by section 12‑383 in Schedule 1 to the Taxation Administration Act 1953.
withholding payment means:
 (a) a payment from which an amount must be withheld under Division 12 in Schedule 1 to the Taxation Administration Act 1953 (even if the amount is not withheld); or
 (aa) a payment that arises because of the operation of section 12A‑205 in that Schedule (deemed payments) in respect of which Subdivision 12A‑C in that Schedule requires an amount to be paid to the Commissioner; or
 (b) an *alienated personal services payment in respect of which Division 13 in that Schedule requires an amount to be paid to the Commissioner; or
 (c) a *non‑cash benefit, the *capital proceeds or a *taxable supply, in respect of which Division 14 in that Schedule requires an amount to be paid to the Commissioner.
Note 1: A withholding payment that consists of a non‑cash benefit is made when the benefit is provided. The amount of the withholding payment is taken to be the market value of the benefit at that time.
Note 2: Divisions 12, 13 and 14 in Schedule 1 to the Taxation Administration Act 1953 deal with collecting amounts on account of income tax payable by the recipient of the payment, alienated personal services payment, non‑cash benefit or capital proceeds.
withholding payment covered by a particular provision