Document ID: chunk:federal_register_of_legislation:C2025C00014:section:6:p18
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 6 (pt 18/19)
Character Range: 49172–52004

same meaning as in the Income Tax Assessment Act 1997.
trading stock has the meaning given by section 70‑10 of the Income Tax Assessment Act 1997.
Tribunal means the Administrative Review Tribunal.
trustee in addition to every person appointed or constituted trustee by act of parties, by order, or declaration of a court, or by operation of law, includes:
 (a) an executor or administrator, guardian, committee, receiver, or liquidator; and
 (b) every person having or taking upon himself the administration or control of income affected by any express or implied trust, or acting in any fiduciary capacity, or having the possession, control or management of the income of a person under any legal or other disability;
unfranked part of a distribution has the same meaning as in the Income Tax Assessment Act 1997.
VCLP means a venture capital limited partnership within the meaning of subsection 118‑405(2) of the Income Tax Assessment Act 1997.
VCMP means a venture capital management partnership.
venture capital deficit tax has the same meaning as in the Income Tax Assessment Act 1997.
venture capital management partnership has the meaning given by subsection 94D(3).
Veterans' Affairs Secretary means the Secretary of the Department administered by the Minister administering the Veterans' Entitlements Act 1986.
withholding tax has the same meaning as in the Income Tax Assessment Act 1997.
work and income support related withholding payments and benefits means:
 (a) payments from which an amount:
 (i) must be withheld under a provision of Subdivision 12‑B (other than section 12‑55), 12‑C or 12‑D or Division 13 in Schedule 1 to the Taxation Administration Act 1953 (even if the amount is not withheld); or
 (ii) would be required to be withheld under a provision mentioned in subparagraph (i) (other than section 12‑55) apart from subsection 12‑1(1A) in Schedule 1 to that Act; and
 (b) amounts included in a person's assessable income under section 86‑15 of the Income Tax Assessment Act 1997 in respect of which an amount must be paid under Division 13 in Schedule 1 to the Taxation Administration Act 1953 (even if the amount is not paid); and
 (c) non‑cash benefits in relation to which the provider of the benefit must pay an amount to the Commissioner under Division 14 in Schedule 1 to the Taxation Administration Act 1953 (even if the amount is not paid).
Note: The payments covered by paragraph (a) are: payments to employees and company directors, payments to office holders, return to work payments, payments under labour hire arrangements, payments of annuities, superannuation benefits, payments for termination of employment, payments for unused leave, benefit payments, compensation payments and payments specified by regulations.
year of income means an income year as defined in subsection 995‑1(1) of