Document ID: chunk:federal_register_of_legislation:C2025C00029:section:25:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 25 (pt 2/4)
Character Range: 7860317–7863192

investment trust: see AMIT.
attribution percentage, in relation to a *CFC or a *CFT, has the meaning given by Part X of the Income Tax Assessment Act 1936.
audited consolidated financial statements for an entity for a period has the meaning given by section 820‑935.
auditing principles: a matter is in accordance with auditing principles if it is in accordance with:
 (a) *auditing standards; or
 (b) if there are no auditing standards applicable to the matter—authoritative pronouncements of the Auditing and Assurance Standards Board that apply to the preparation of financial statements.
auditing standard has the same meaning as in the Corporations Act 2001.
Australia has the meaning affected by section 960‑505.
Australian agricultural land for rent has the meaning given by section 12‑448 in Schedule 1 to the Taxation Administration Act 1953.
Australian Business Register means the Australian Business Register established and maintained under the A New Tax System (Australian Business Number) Act 1999.
Australian Business Registrar means the Registrar of the *Australian Business Register.
Australian carbon credit unit has the same meaning as in the Carbon Credits (Carbon Farming Initiative) Act 2011.
Australian controlled foreign entity has the meaning given by section 820‑745.
Australian controller:
 (a) of a *controlled foreign company mentioned in paragraph 820‑745(a)—has the meaning given by section 820‑750; and
 (b) of a *controlled foreign trust—has the meaning given by section 820‑755; and
 (c) of a *controlled foreign corporate limited partnership—has the meaning given by section 820‑760.
Australian corporate tax entity: an entity is an Australian corporate tax entity at a particular time if the entity is:
 (a) a *corporate tax entity at that time; and
 (b) for a company or a *corporate limited partnership—an Australian resident at that time; and
 (c) for a *public trading trust—a *resident unit trust for the income year in which that time occurs.
Australian DMT tax means tax payable under section 8 of the *Minimum Tax Act.
Note: DMT is short for Domestic Minimum Top‑up.
Australian DMT tax amount means a Domestic Top‑up Tax Amount (within the meaning of the *Minimum Tax Act).
Australian DMT tax return has the meaning given by section 127‑45 in Schedule 1 to the Taxation Administration Act 1953.
Australian entity has the same meaning as in Part X of the Income Tax Assessment Act 1936.
Australian financial market means a financial market (within the meaning of Chapter 7 of the Corporations Act 2001) operating under an Australian market licence granted under subsection 795B(1) of that Act.
Australian financial services licence has the same meaning as in the Corporations Act 2001.
Australian fund has the meaning given by section 74 of the Life Insurance Act 1995.
Australian GloBE tax means:
 (a) *Australian DMT tax; and
 (b)