Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p57
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 57/59)
Character Range: 8009149–8012041

a *depreciating asset has the meaning given by section 58‑75.
NRAS approved participant (short for National Rental Affordability Scheme approved participant), of an *NRAS consortium, means a *member of the NRAS consortium who is the approved participant (within the meaning of the regulations made for the purposes of the National Rental Affordability Scheme Act 2008) for the NRAS consortium.
NRAS certificate (short for National Rental Affordability Scheme certificate) means a certificate issued by the *Housing Secretary under the *National Rental Affordability Scheme.
NRAS consortium (short for National Rental Affordability Scheme consortium) means a consortium, joint venture or *non‑entity joint venture:
 (a) established by one or more contractual *arrangements, the purpose of which are to facilitate the leasing of *NRAS dwellings; and
 (b) that is not a *corporate tax entity, a *superannuation fund, a trust or a partnership.
NRAS dwelling (short for National Rental Affordability Scheme dwelling) means an approved rental dwelling (within the meaning of the regulations made for the purposes of the National Rental Affordability Scheme Act 2008).
NRAS rent (short for National Rental Affordability Scheme rent) means rent *derived from a *NRAS dwelling under the *National Rental Affordability Scheme for an income year.
NRAS year has the same meaning as in the National Rental Affordability Scheme Act 2008.
NZ franking choice has the meaning given by section 220‑35.
NZ franking company has the meaning given by section 220‑30.
NZ resident has the meaning given by section 220‑20.
OB activity has the meaning given by section 121D of the Income Tax Assessment Act 1936.
obligor group has the meaning given by section 820‑49.
occupation specific clothing has the meaning given by subsection 34‑20(1).
officially quoted price has the meaning given by subsections 124‑784A(6) and (7).
off‑market buy‑back means a purchase that is a buy‑back and an off‑market purchase for the purposes of Division 16K of Part III of the Income Tax Assessment Act 1936.
off‑market purchase has the meaning given by section 159GZZZJ of the Income Tax Assessment Act 1936.
offshore banking unit has the meaning given by section 128AE of the Income Tax Assessment Act 1936.
offshore document has the meaning given by section 353‑25 in Schedule 1 to the Taxation Administration Act 1953.
offshore hybrid mismatch has the meaning given by sections 832‑195, 832‑300, 832‑390, 832‑465 and 832‑540.
offshore information has the meaning given by section 353‑25 in Schedule 1 to the Taxation Administration Act 1953.
ongoing development, in relation to a *digital game, has the meaning given by subsection 378‑25(6).
on issue:
 (a) a *debt interest is on issue as provided in paragraph 974‑55(1)(e); and
 (b) an *equity interest in an entity:
 (i) is on issue from when it is issued until it stops being on