INCOME TAX ACT 1986

SECTION 3   INTERPRETATION  

3(1)  


In this Act, unless the contrary intention appears:

Assessment Act
means the Income Tax Assessment Act 1936 ;

non-profit company
means:


(a) a company that is not carried on for the purposes of profit or gain to its individual members and is, by the terms of the company ' s constituent document, prohibited from making any distribution, whether in money, property or otherwise, to its members; or


(b) a friendly society dispensary;

prescribed unit trust
means a trust estate that is a public trading trust within the meaning of Division 6C of Part III of the Assessment Act.

"registered organization"
(Repealed by No 89 of 2000)

3(2)  
In this Act, a reference to taxable income shall be read as a reference to taxable income of the year of income.




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