Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 6/10)
Character Range: 8065480–8068351

that can be deducted from assessable income, under any of the following:
 (a) Division 230 (about taxation of financial arrangements), other than Subdivision 230‑B;
 (b) Subdivision 230‑A if:
 (i) the accruals method provided for in Subdivision 230‑B is applied to take account of the gain or loss concerned; and
 (ii) all the *financial benefits provided and received under the *financial arrangement concerned are denominated in a particular *foreign currency;
 (c) Division 240 (about arrangements treated as a sale and loan);
 (d) Division 242 (about luxury car leases);
 (da) Subdivision 250‑E of this Act if all the financial benefits provided and received under the financial arrangement concerned are denominated in a particular foreign currency;
 (e) Division 16D of Part III of the Income Tax Assessment Act 1936 (about certain arrangements relating to the use of property);
 (f) Division 16E of Part III of the Income Tax Assessment Act 1936 (about accruals assessability in respect of certain security payments).
special company means:
 (a) a *mutual affiliate company; or
 (b) a *mutual insurance company; or
 (c) a trade union registered under an *Australian law; or
 (d) a *sporting club; or
 (e) a company that is prescribed by the regulations.
special conversion event, in relation to a *potential MEC group, has the meaning given by section 719‑40.
special disability trust means:
 (a) a special disability trust within the meaning of the Social Security Act 1991; or
 (b) a special disability trust within the meaning of the Veterans' Entitlements Act 1986.
specialist credit card institution has the meaning given by section 820‑588.
special professional has the meaning given by subsection 405‑25(1).
special value, of a *superannuation interest that supports an income stream that is, or was at any time, a *capped defined benefit income stream, has the meaning given by section 294‑135.
specifically entitled:
 (a) specifically entitled to a *capital gain has the meaning given by section 115‑228; and
Note: A trustee of a trust estate that makes a choice under section 115‑230 is taken to be specifically entitled to a capital gain.
 (b) specifically entitled to a *franked distribution has the meaning given by section 207‑58.
specific deduction has the meaning given by section 8‑5.
specified roll‑over amount of a *life insurance company means so much of an amount paid to the company as constitutes the *element untaxed in the fund of a *superannuation benefit that is a *roll‑over superannuation benefit because of subparagraph 306‑10(d)(ii).
spectrum has the meaning given by section 5 of the Radiocommunications Act 1992.
spectrum licence has the meaning given by section 5 of the Radiocommunications Act 1992.
splittable payment means a splittable payment within the meaning of Part VIIIB or VIIIC of the Family Law Act 1975.
sporting club