Document ID: chunk:federal_register_of_legislation:C2025C00014:section:317:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 317 (pt 1/12)
Character Range: 1821588–1824432

317  Interpretation
 (1) In this Part, unless the contrary intention appears:
accounting period, in relation to company, means an accounting period used by the company in the accounts by reference to which it distributes dividends.
accounting records includes invoices, receipts, orders for the payment of money, bills of exchange, cheques, promissory notes, vouchers and other documents of prime entry and also includes such working papers and other documents as are necessary to explain the methods and calculations by which accounts are made up.
accounts means ledgers, journals, profit and loss accounts and balance‑sheets, and includes statements, reports and notes attached to, or intended to be read with, any of the foregoing.
accruals tax law, in relation to a listed country, means a law of the listed country that is declared by regulations for the purposes of this definition to be an accruals tax law.
active income test has the meaning given by section 432.
adjusted tainted income has the meaning given by section 386.
AFI or Australian financial institution means any of the following Australian entities:
 (a) a body corporate that is an ADI (authorised deposit‑taking institution) for the purposes of the Banking Act 1959;
 (b) a person who carries on State banking within the meaning of paragraph 51(xiii) of the Constitution;
 (c) a registered entity under the Financial Sector (Collection of Data) Act 2001;
 (d) a life assurance company.
AFI subsidiary or Australian financial institution subsidiary has the meaning given by section 326.
aircraft means a machine or apparatus that can derive support in the atmosphere from the reactions of the air or from buoyancy, but does not include an air‑cushion vehicle.
associate has the meaning given by section 318.
associate‑inclusive control interest has the meaning given by section 349.
attributable income has the meaning given by Division 7.
attributable taxpayer, has the meaning given by section 361.
attribution account entity has the meaning given by section 363.
attribution account payment has the meaning given by section 365.
attribution credit has the meaning given by section 371.
attribution debit has the meaning given by section 372.
attribution percentage has the meaning given by section 362.
attribution tracing interest:
 (a) in relation to a CFC—has the meaning given by section 358; and
 (b) in relation to a CFP—has the meaning given by section 359; and
 (c) in relation to a CFT—has the meaning given by section 360.
Australian 1% entity, in relation to a company or trust, means an Australian entity whose associate‑inclusive control interest in the company or trust is at least 1%.
Australian entity has the meaning given by section 336.
Australian partnership has the meaning given by section 337.
Australian tax means income tax or withholding tax.