Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p28
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 28/30)
Character Range: 7849553–7852359

not since ceased to be an annual payer under section 45‑150 or 45‑155 or former section 45‑180 in that Schedule.
annual tax period election has the same meaning as in the *GST Act.
annual turnover has the meaning given by section 328‑120.
annuity includes:
 (a) an annuity, within the meaning of the Superannuation Industry (Supervision) Act 1993; or
 (b) a pension, within the meaning of the Retirement Savings Accounts Act 1997.
annuity instrument means an instrument that secures the grant of an annuity (whether dependent on the life of an individual or not).
apartment building has the meaning given by section 43‑95.
applicable functional currency has the meaning given by section 960‑70.
applicable fund earnings has the meaning given by section 305‑75.
applicable insurance contracts accounting standard means:
 (a) unless paragraph (b) applies—*accounting standard AASB 17, as in force on 31 December 2022; or
 (b) if the regulations prescribe another accounting standard (which may be AASB 17 as in force at another time)—that accounting standard.
Applicable MNE Group, for a *Fiscal Year, has the same meaning as in the *Minimum Tax Act, as affected by section 28 of that Act.
applicable trust fund guidelines means:
 (a) in relation to a *public ancillary fund—the *public ancillary fund guidelines; or
 (b) in relation to a *private ancillary fund—the *private ancillary fund guidelines; or
 (c) in relation to a *community charity trust—the *community charity trust guidelines.
apportionable deductions are:
 (a) amounts deducted or deductible under section 25‑75 (which provides a deduction for rates and land tax); or
 (b) amounts deducted or deductible under section 30‑15 because of item 1, 2, 7 or 8 in the table in that section, except amounts deducted or deductible for gifts of *trading stock in cases where:
 (i) the gifts are covered by section 70‑90 (which has the effect that the giver's assessable income includes the market value of the gift); and
 (ii) no election has been made, or is made, under Subdivision 385‑E (which allows the giver to choose to spread the market value of a gift of live stock over the giver's assessable income for 5 income years or to reduce the amount included in the giver's assessable income by the cost of replacement live stock).
approved deposit fund has the meaning given by section 10 of the Superannuation Industry (Supervision) Act 1993.
approved deposit fund payment has the meaning given by section 307‑5.
approved form has the meaning given by section 388‑50 in Schedule 1 to the Taxation Administration Act 1953.
approved investment plan, of an *ESVCLP, has the meaning given by subsection 13‑15(2) of the Venture Capital Act 2002.
approved management plan for land has the meaning given by section 40‑640.
approved occupational clothing