Income Tax Assessment (1936 Act) Regulation 2015

PART 1 - PRELIMINARY  

SECTION 4  

4   DEFINITIONS  

In this instrument:

159N rebate maximum amount
means $445.

159N rebate reduction rate
means 0.015.

159N rebate reduction threshold
means $37,000.

Act
means the Income Tax Assessment Act 1936 .

associate
has the same meaning as in section 318 of the Act.

base rebate amount
, for a rebate under section 160AAAA or 160AAAB of the Act, has the meaning given by subsection 9(2) of this instrument.

compulsory acquisition
has the meaning given by subsection 20(5) .

disabled persons ' car parking permit
has the meaning given by subsection 8(2) .

disabled persons ' car parking space
has the meaning given by subsection 8(2) .

lowest marginal tax rate
, in relation to a year of income, means the rate that is:

(a) the lowest rate specified in the table in Part I of Schedule 7 to the Income Tax Rates Act 1986 , in the application of the table to that year; and

(b) expressed as a decimal fraction.

ordinary capital gains
has the meaning given by subsection 17(2) .

permanent establishment
has the meaning given by subsection 17(2) .

rebatable benefit amount
has the meaning given by subsection 13(4) .

rebate threshold
, for a rebate under section 160AAAA or 160AAAB of the Act, has the meaning given by section 9 of this instrument.

resident investment vehicle
has the meaning given by the Income Tax Assessment Act 1997 .

roll-over relief
has the meaning given by section 20 .

second lowest marginal tax rate
, in relation to a year of income, means the rate that is:

(a) the second lowest rate specified in the table in Part I of Schedule 7 to the Income Tax Rates Act 1986 , in the application of the table to that year; and

(b) expressed as a decimal fraction.

tax-free threshold
has the same meaning as in the Income Tax Rates Act 1986 .