Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p5
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 5/10)
Character Range: 8062924–8065744

the same meaning as in the Shipping Reform (Tax Incentives) Act 2012.
shortfall amount has the meaning given by section 284‑80 in Schedule 1 to the Taxation Administration Act 1953.
shortfall interest charge means the charge worked out under Division 280 in Schedule 1 to the Taxation Administration Act 1953.
short‑term hire agreement: a short‑term hire agreement is an agreement for the intermittent hire of an asset on an hourly, daily, weekly or monthly basis. However, an agreement for the hire of an asset is not a short‑term hire agreement if, having regard to any other agreements for the hire of the same asset to the same entity or an *associate of that entity, there is a substantial continuity of hiring so that the agreements together are for longer than a short‑term basis.
sickness policy means a *life insurance policy issued by a *friendly society for the sole purpose of providing:
 (a) benefits in respect of a sickness of the insured person; or
 (b) benefits covered by paragraph (a) and benefits to pay for the funeral of the insured person.
significant global entity has the meaning given by section 960‑555.
significant individual has the meaning given by section 152‑55.
significant stake has the meaning given by sections 124‑783 and 124‑783A.
significant stakeholder has the meaning given by section 124‑783.
single‑rate trustee has the meaning given by section 45‑450 in Schedule 1 to the Taxation Administration Act 1953.
SIS dependant means a dependant within the meaning of the Superannuation Industry (Supervision) Act 1993.
small business entity has the meaning given by section 328‑110.
small business participation percentage has the meaning given by section 152‑65.
small superannuation account means an account within the meaning of the Small Superannuation Accounts Act 1995.
small superannuation account payment has the meaning given by section 307‑5.
small superannuation fund means a *complying superannuation fund with no more than 6 members.
small withholder has the meaning given by section 16‑105 in Schedule 1 to the Taxation Administration Act 1953.
SME income component has the same meaning as in section 124ZU of the Income Tax Assessment Act 1936.
SME investment has the meaning given by section 124ZW of the Income Tax Assessment Act 1936.
sort of loss has the meaning given by section 701‑1.
sovereign entity has the meaning given by section 880‑15.
sovereign entity group has the meaning given by section 880‑20.
special accrual amount means an amount that is included in assessable income, or an amount 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