INCOME TAX ASSESSMENT ACT 1936

PART III - LIABILITY TO TAXATION  

Division 7A - Distributions to entities connected with a private company  

Subdivision G - Defined terms  

SECTION 109ZD   109ZD   DEFINED TERMS  


In this Division:

amalgamated loan
has the meaning given by subsection 109E(3) .

arrangement
has the meaning given by section 995-1 of the Income Tax Assessment Act 1997 .

associate
has the meaning given by section 318 .

benchmark franking percentage
has the same meaning as in the Income Tax Assessment Act 1997 .

benchmark interest rate
for a year of income has the meaning given by subsection 109N(2) .

deficit
has the same meaning as in the Income Tax Assessment Act 1997 .

distributable surplus
of a company for a year of income has the meaning given by subsection 109Y(2) .

entity
has the meaning given by section 960-100 of the Income Tax Assessment Act 1997 .

family law obligation
means an order, agreement or award mentioned in paragraph 126-5(1)(a), (b), (d), (e) or (f) of the Income Tax Assessment Act 1997 .

forgive
a debt has the meaning given by section 109F .

franking account
has the same meaning as in the Income Tax Assessment Act 1997 .

franking percentage
has the same meaning as in the Income Tax Assessment Act 1997 .

franking period
has the same meaning as in the Income Tax Assessment Act 1997 .

guarantee
, in relation to a loan, includes providing security for the loan.

loan
has the meaning given by subsection 109D(3) .

lodgment day
for a private company's year of income has the meaning given by subsection 109D(6) .

payment
has the meaning given by subsection 109C(3) and section 109CA .

unfrankable
has the same meaning as in the Income Tax Assessment Act 1997 .


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