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(Repealed by No 89 of 2000)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.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.