Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p23
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 23/59)
Character Range: 7924006–7926649

Act covered by paragraphs (a) to (c) (or to so much of that Act as is covered); and
 (e) regulations under any Act, so far as they relate to any Act covered by paragraphs (a) to (d) (or to so much of that Act as is covered).
excluded complying superannuation life insurance policy means a *life insurance policy that:
 (a) provides only for *superannuation death benefits, *disability superannuation benefits or temporary disability benefits of a kind referred to in paragraph 295‑460(c), that are not *participating benefits; or
 (b) is an *exempt life insurance policy.
excluded equity interest has the meaning given by section 820‑946.
excluded foreign resident has the meaning given by subsection 118‑110(4).
excluded loss has the meaning given by sections 175‑5 and 175‑40.
excluded STB has the same meaning as in section 24AT of the Income Tax Assessment Act 1936.
exempt Australian government agency means:
 (a) the Commonwealth, a State or a Territory; or
 (b) an authority of the Commonwealth or of a State or a Territory whose *ordinary income and *statutory income is exempt from income tax because of Division 50; or
 (c) an STB (within the meaning of Division 1AB of Part III of the Income Tax Assessment Act 1936) whose *ordinary income and *statutory income is exempt from income tax under that Division of that Part.
exempt entity means:
 (a) an entity all of whose *ordinary income and *statutory income is exempt from income tax because of this Act or because of another *Commonwealth law, no matter what kind of ordinary income or statutory income the entity might have; or
 (b) an *untaxable Commonwealth entity.
Note: See section 11‑5 for a list of entities of the kind referred to in paragraph (a).
exempt film income for an income year is so much of the amount, or the sum of the amounts, to which section 26AG of the Income Tax Assessment Act 1936 applies in relation to you for the income year as is *exempt income.
exempt foreign employment income means amounts that are exempt from tax under section 23AF or 23AG of the Income Tax Assessment Act 1936.
exempt foreign government agency means:
 (a) the government of a foreign country, or of part of a foreign country; or
 (b) an authority of the government of a foreign country, if the authority is of a similar nature to an authority that is an *exempt Australian government agency; or
 (c) an authority of the government of part of a foreign country, if the authority is of a similar nature to an authority that is an *exempt Australian government agency.
exempt income has the meaning given by section 6‑20.
Note: For income years before 1997‑98, exempt income has