Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p28
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 28/59)
Character Range: 7936728–7939610

or indirectly, a fixed entitlement to a share of income or capital of a company.
fixed ratio earnings limit has the meaning given by section 820‑51.
fixed ratio test disallowed amount has the meaning given by section 820‑57.
fixed trust: a trust is a fixed trust if entities have *fixed entitlements to all of the income and capital of the trust.
Note: AMITs are treated as fixed trusts (see section 276‑55).
flexible care has the same meaning as in the Aged Care Act 1997.
flows indirectly:
 (a) subsections 207‑50(2), (3) and (4) set out the circumstances in which a *franked distribution flows indirectly to an entity; and
 (b) subsection 207‑50(5) sets out the circumstances in which a franked distribution flows indirectly through an entity; and
 (c) section 208‑175 sets out the circumstances in which a *distribution *franked with an exempting credit flows indirectly to an entity; and
 (d) section 220‑405 sets out the circumstances in which a supplementary dividend (as defined in section OB1 of the Income Tax Act 1994 of New Zealand) flows indirectly to an entity; and
 (e) subsections 380‑25(2), (3) and (4) set out the circumstances in which *NRAS rent flows indirectly to an entity; and
 (f) subsection 380‑25(5) sets out the circumstances in which NRAS rent flows indirectly through an entity.
FMD provider (short for farm management deposit provider) has the meaning given by subsection 393‑20(3).
fodder storage asset has the meaning given by subsection 40‑520(3).
Foreign Affairs Minister means the Minister administering the International Development Association Act 1960.
foreign bank means an *ADI that is a *foreign entity.
foreign controlled Australian company has the meaning given by section 820‑785.
foreign controlled Australian entity has the meaning given by section 820‑780.
foreign controlled Australian partnership has the meaning given by section 820‑795.
foreign controlled Australian trust has the meaning given by section 820‑790.
foreign currency means a currency other than:
 (a) Australian currency; or
 (b) *digital currency; or
 (c) anything prescribed by the regulations for the purposes of this paragraph.
foreign currency hedge has the meaning given by subsection 230‑350(2).
foreign DMT tax has the meaning given by section 770‑150.
foreign entity means an entity that is not an *Australian entity.
foreign equity distribution has the meaning given by section 768‑10.
foreign exchange retranslation election has the meaning given by subsections 230‑255(1) and (3).
foreign general insurance company means a company that is a foreign resident, and whose sole or principal business is *insurance business.
foreign GloBE tax means:
 (a) *foreign DMT tax; and
 (b) *foreign IIR tax; and
 (c) *foreign UTPR tax.
foreign government agency means:
 (a) the government of a foreign country or of part of a foreign country; or
 (b) an authority of