INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 9B - State Bank of NSW  

SECTION 121EM  

121EM   INTERPRETATION  
In this Division:

asset
means property, or a right, of any kind, and includes:


(a) any legal or equitable estate or interest (whether present or future, vested or contingent, tangible or intangible, in real or personal property) of any kind; and


(b) any chose in action; and


(c) any right, interest or claim of any kind including rights, interests or claims in or in relation to property (whether arising under an instrument or otherwise, and whether liquidated or unliquidated, certain or contingent, accrued or accruing); and


(d) a CGT asset, and a car, motor cycle or similar vehicle.

authorised actuary
means a Fellow or an Accredited Member of the Institute of Actuaries of Australia.

first taxing time
means the time when the NSW State Bank ceases to be a public authority within the meaning of paragraph 23(d).

liability
includes a duty or obligation of any kind (whether arising under an instrument or otherwise, and whether actual, contingent or prospective).

NSW State Bank
means the State Bank of New South Wales Limited.


View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.