Document ID: chunk:federal_register_of_legislation:F2024C01235:reg:5:p5
Version: federal_register_of_legislation:F2024C01235
Segment Type: reg
Provision Reference: reg 5 (pt 5/6)
Character Range: 21641–24342

for a unit trust—a relevant entity the trustee of which holds assets of an Australian business.
relevant World Trade Organization member means any of the following members of the World Trade Organization established by the World Trade Organization Agreement:
 (a) Hong Kong, China;
 (b) Macao, China;
 (c) Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu.
resident of a region has the meaning given by section 8A.
residential care has the same meaning as in the Aged Care Act 1997.
residential land (near‑new dwelling interests) certificate has the meaning given by section 43A.
residential land (other than established dwellings) certificate has the meaning given by section 43B.
resident trust means a trust that is taken to be a resident trust estate under subsection 95(2) of the Income Tax Assessment Act 1936.
responsible entity of a registered scheme has the same meaning as in the Corporations Act 2001.
retirement village has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.
RSE licensee has the same meaning as in the Superannuation Industry (Supervision) Act 1993.
school has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999.
sensitive business: see section 22.
Note: Sensitive business is defined in section 26 of the Act.
tenement means an exploration tenement or a mining or production tenement.
Note: Although an agreement giving rights that form the basis of a tenement may be any duration, the duration of the agreement must be at least 5 years for an interest in the agreement to be an interest in Australian land. (See the definitions of exploration tenement, mining or production tenement and interest in Australian land in sections 4 and 12 of the Act.)
tenements and mining, production or exploration entities certificate has the meaning given by section 43.
total asset value has the meaning given by section 20.
total earnings has the meaning given by subsection 12(2).
vacant:
 (a) land is vacant if there is no substantive permanent building on the land that can be lawfully occupied by persons, goods or livestock; but
 (b) despite paragraph (a), land is not vacant if a wind or solar power station is located on the surface of the land.
value, of an interest in Australian land held by an entity, includes the value of the entity's interest (if any) in a wind or solar power station located on the land (whether on or beneath the surface).
value, of consideration, has the meaning given by subsections 14(3) to (4A).
wind or solar power station means:
 (a) an accredited power station within the meaning of the Renewable Energy (Electricity) Act 2000 that is:
 (i) a wind power station (incorporating