Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 3/10)
Character Range: 8057884–8060642

entity that constitutes CGT event B1; or
 (c) creating a CGT asset in another entity.
The same‑asset roll‑overs are listed in section 112‑150.
scheme means:
 (a) any *arrangement; or
 (b) any scheme, plan, proposal, action, course of action or course of conduct, whether unilateral or otherwise.
Note: The Commissioner may determine that, for the purposes of the debt and equity interest rules in Division 974, what would otherwise be a single scheme is to be treated as 2 or more separate schemes, and that the schemes are not related: see section 974‑150.
scheme benefit has the meaning given by section 284‑150 in Schedule 1 to the Taxation Administration Act 1953.
scheme for a disposition, in relation to *membership interests or an *interest in membership interests, has the same meaning as in section 177EA of the Income Tax Assessment Act 1936.
scheme period for a *direct value shift has the meaning given by section 725‑55.
scheme shortfall amount has the meaning given by section 284‑150 in Schedule 1 to the Taxation Administration Act 1953.
scholarship plan means a *life insurance policy that:
 (a) is issued by a *friendly society for the sole purpose of providing benefits to help in the education of nominated beneficiaries; and
 (b) is not being used, and has never been used, as security for borrowing or raising money; and
 (c) if it is issued on or after 1 January 2003—contains a provision prohibiting use of the policy as security for borrowing or raising money.
secondary course has the same meaning as in the *GST Act.
secondary equity interest has the meaning given by section 727‑520.
secondary interest has the meaning given by section 727‑520.
secondary loan interest has the meaning given by section 727‑520.
Second Commissioner means a Second Commissioner of Taxation.
second continuity period has the meaning given by section 165‑120.
section 124ZZB SME assessable income for a *PDF for an income year is the assessable income allocated to the PDF's SME assessable income for the income year under section 124ZZB of the Income Tax Assessment Act 1936.
securities dealer means a person who, for the purposes of the Corporations Act 2001 or for the purposes of a law of a State or Territory that corresponds to that Act, deals in securities.
securitisation vehicle has the meaning given by section 820‑942.
securitised asset has the meaning given by section 820‑942.
segregated current pension assets has the meaning given by section 295‑385.
segregated exempt assets of a *life insurance company means assets from time to time segregated by the company under Subdivision 320‑H, whether segregated at the time of the initial segregation or included at a later time.
segregated non‑current assets has the meaning given by section