Document ID: chunk:federal_register_of_legislation:C2025C00120:section:136:p27
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 136 (pt 27/34)
Character Range: 500875–503549

notional value, in relation to the provision of property or another benefit to a person, means the amount that the person could reasonably be expected to have been required to pay to obtain the property or other benefit from the provider under an arm's length transaction.
obligation, in relation to the payment or repayment of an amount, includes an obligation that is not enforceable by legal proceedings.
odometer records, in relation to a car, in relation to a period, means a document in which particulars of:
 (a) the odometer reading of the car at the commencement of the period; and
 (b) the odometer reading of the car at the end of the period; and
 (c) if paragraph 162K(2)(b) or 162L(2)(b) applies with effect from a particular date—the odometer readings of both the replacement car and of the original car referred to in that paragraph, as at that date;
are entered in the English language, at, or as soon as reasonably practicable after, the respective times to which those odometer readings relate.
offence against this Act includes an offence against:
 (a) the Crimes Act 1914; or
 (b) the Taxation Administration Act 1953;
relating to this Act.
officer means a person appointed or engaged under the Public Service Act 1999.
once‑only deduction, in relation to expenditure, means a deduction in a year of income in respect of a percentage of the expenditure where no deduction is allowable in respect of a percentage of the expenditure in any other year of income.
original assessment date means:
 (a) in relation to an assessment other than an amended assessment—the day on which the assessment was made; and
 (b) in relation to an assessment being the first or a subsequent amendment of an assessment to which paragraph (a) applies—the day on which the original assessment was made.
outsider, in relation to the employment of an employee of an employer, means a person not being:
 (a) an employee of the employer;
 (b) an employee of an associate of the employer;
 (c) an employee of a person (in this definition referred to as the provider) other than the employer or an associate of the employer who provides benefits to, or to associates of, employees of the employer or an associate of the employer under an arrangement between:
 (i) the employer or an associate of the employer; and
 (ii) the provider or another person; or
 (d) an associate of an employee to whom any of the preceding paragraphs apply.
parent has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
period residual fringe benefit means a residual fringe benefit that is provided during a period.
person includes:
 (a) a body politic;
 (b) a body corporate;