Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 1/59)
Character Range: 7867644–7870472

3                    Failure to lodge returns etc.     Section 286‑80 in that Schedule

base value, of a *depreciating asset, has the meaning given by subsection 40‑70(1).
base year, in relation to an income year, has the meaning given by sections 45‑320 and 45‑470 in Schedule 1 to the Taxation Administration Act 1953.
basic assessable income has the meaning given by subsection 392‑45(2).
basic concessional contributions cap means the concessional contributions cap under subsection 291‑20(2), disregarding any increase under subsection 291‑20(3).
basic rates has the meaning given by subsection 392‑35(4).
basic taxable income has the meaning given by section 392‑15.
BAS provisions means:
 (a) Part VII of the Fringe Benefits Tax Assessment Act 1986; and
 (b) the *indirect tax law; and
 (c) Parts 2‑5 and 2‑10 in Schedule 1 to the Taxation Administration Act 1953 (which are about the PAYG system); and
 (d) Division 389 in Schedule 1 to the Taxation Administration Act 1953; and
 (e) the Major Bank Levy Act 2017.
Note: BAS stands for Business Activity Statement.
behaviour that is harmful or abusive means one or more of the following:
 (a) emotional abuse;
 (b) sexual abuse;
 (c) physical abuse;
 (d) suicide;
 (e) self‑harm;
 (f) substance abuse;
 (g) harmful gambling.
benchmark franking percentage has the meaning given by section 203‑30.
benchmark instalment rate has the meaning given by sections 45‑360 and 45‑530 in Schedule 1 to the Taxation Administration Act 1953.
benchmark rate of return for an interest has the meaning given by section 974‑145.
benchmark rule is the rule in section 203‑25.
benchmark tax has the meaning given by sections 45‑365 and 45‑535 in Schedule 1 to the Taxation Administration Act 1953.
beneficiary, of a *CCIV sub‑fund trust, means a *member of the *sub‑fund who is taken because of subsection 195‑110(1) to be a beneficiary of the trust.
bereavement Subdivision has the meaning given by section 52‑20.
bid period has the meaning given by section 9 of the Corporations Act 2001.
borrowed securities amount of an entity at a particular time means the total of the liabilities of the entity, to the extent that they meet these conditions:
 (a) the value of the liability at that time is worked out by reference to the value at that time of securities that the entity has short sold;
 (b) as at that time, the entity has settled the sale using securities it acquired under one or more of these *arrangements:
 (i) a reciprocal purchase agreement (otherwise known as a repurchase agreement);
 (ii) a sell‑buyback arrangement;
 (iii) a securities loan arrangement.
borrowing means any form of borrowing, whether secured or unsecured, and includes the raising of funds by the issue of a bond, debenture, discounted security or other document evidencing indebtedness.
branch hybrid has