INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 16G - Debt creation involving non-residents  

Subdivision A - Interpretation  

SECTION 159GZY  

159GZY   INTERPRETATION  
In this Division, unless the contrary intention appears:

'asset'
means any form of property and includes:

(a) an option, a debt, a chose in action, any other right, goodwill and any other form of incorporeal property; and

(b) any form of property created or constructed;

'associate'
has the same meaning as in Division 16F, except that the references in section 159GZC to 15% shall be read as references to 50%;

'capital entitlement factor'
has the meaning given by section 159GZZ;

'foreign controller'
has the meaning given by section 159GZZA;

'interest'
means interest within the meaning of subsection 128A(1AB);

'scheme'
has the same meaning as in Division 16F.