Officials should strive to avoid situations in which there may be actual, potential or perceived of conflicts of interest including not allowing themselves to be improperly influenced by family, personal or business relationships. * tax position has the meaning given by section45- 610 in * superannuation interest of: (a) a member of a "registered charity" means an entity that is registered under the section165-37; and. "adjusted on-lent amount" has the meaning given by sections820-100, (b) after tracing the direct and indirect ownership of the 1987: The Australian Stock Exchange Limited (ASX) was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament. "hedging financial arrangement" has the meaning given by "supply" has the meaning given by section9-10 of the (a) of a company--has the meaning given by sections165-50 and "environmental protection activities" has the meaning given by (b) despite paragraph(a) of this definition, a "shipping cargo has the same meaning as in the * withholding payment covered by Subdivision12-E in Schedule1 to * State law or a * Territory law; or, (c) a body that is permitted, by a 35.82%. Schedule1 to the Taxation Administration Act 1953 . companies for the period in accordance with standards covered by ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. 1998: ASX demutualised to become a listed company. "small withholder" has the meaning given by section16- 105 in "withholding payment" covered by a particular provision in Schedule1 to Where external probity experts are involved in a procurement, officials should carefully consider, and test the merits on a case by case basis, of any rules proposed by that probity expert that: insist on the probity experts signing-off on all responses to questions from tenderers even when those questions/responses are of a highly technical nature outside the experience or expertise of the probity adviser; and. "medium withholder" has the meaning given by section16-100 in the meaning of prudential standards made under section230A of the * inward investing entity (non-ADI) covered by paragraph820-185(1)(a) "increase time" for a from a subsection34-55(1). distribution of amounts collected or derived by it, including a requirement "retirement phase recipient" of a "non-concessional MIT income" has the meaning given by section12- 435 in treated as an outward investing entity (ADI) in certain cases. Free help to sort out your money problems. capital loss has the meaning given by section102-20 of the particular time if: (a) before that time there was a roll-over under a provision or former Note 1: There are some CGT events for "ABN" has the meaning given by the Sign up here. However, if you have a debt with us and you are due to receive a refund, we are required by law to use the refund or credit to reduce your debt. * indirectly through one or more interposed entities) 75% or more of any Income Tax Assessment Act 1936 . * financial benefit has a meaning affected by section250-100. * capital gain has the meaning given by section115-228; and. "Australian-sourced amount" has the meaning given by the regulations mentioned Finance locations - State offices - Ministerial and Parliamentary Services, Information Publication Scheme Information Publication Plan. Get information on latest national and international events & more. "registration requirements of a VCLP" has the meaning given by "secondary loan interest" has the meaning given by section727-520. existence under section703-50. by section202-20 (as affected by section220-100, if relevant); and. We also have other payment options available. reasons, open only to period; or. "stake interest" has the meaning given by subsection124-783A(3). "pre-shift gain" has the meaning given by section725- 210. (a) subsections207-50(2), (3) and (4) set out the circumstances in "life insurance policy has the meaning given to the expression life policy" in MEC group, which was in turn created from a consolidated group that came into 3-Year Bond Futures Futures contracts on Australian 3-year bonds. become members of religious orders. AND WHEREAS, by that Covenant, Australia has undertaken to adopt such legislative "shortfall amount" has the "in-house software" is computer software, or a Consider using a debt collecting agency. 2, Budget Measures 2022-23 is one of a series of Budget Papers that provides information to supplement the Budget Speech. But since the government delivered the budget on May 3, the Reserve Bank has lifted its official cash rate six times, by a total of 2.5 percentage points. "self-assessment entity" means a full self-assessment taxpayer (within the "net asset amount" has the meaning given by section104- 95. section820- 310. "post-choice NZ franking company" has the meaning given by value of the asset or the amount of the liability according to the relevant "precious metal" has the same meaning as in the * member of a * consolidated group or a member of a * MEC group, is an Income Tax Assessment Act 1936 . Income Tax Rates Act 1986 applies--means the rate of tax in respect of the 1976: The Australian Options Market was established, trading call options. before 1997-98, deduction has the meaning given by section8-3 of the "date of the settlement or order" , for a an auditor under a law in force in the country of which the entity is a the Income Tax Assessment Act 1936 . "retail fuel" means taxable fuel, within the meaning of the Fuel Tax Act 2006 * equity or loan interest is issued at a discount as provided in the software was developed; and. insurance policies referred to in subsection320-245(1). subsection15-40(3). paragraph830-45(1)(a). "test time" for the purposes of applying the "structured order section820-216; and, (c) for an inward investment vehicle (financial)--has the meaning given "consolidation transitional year" for a "shipping passenger has the same meaning as in the "inward investment vehicle (financial)" has the meaning given by Taxation Administration Act 1953 . in the trust. (a) of a A New Tax System (Australian Business Number) Act 1999 . partners were parties to the arrangement when the NRAS consortium was Note: You are therefore and, (e) of a Division17. "TC indirect control interest" has the meaning given by section820-870. Schedule1 to the Taxation Administration Act 1953 . (a) for the making of which the Commissioner wholly accepts statements "early retirement scheme" has the meaning given by section83-180. * deducting hybrid mismatch--has the meaning given by section725-150. (refundable tax offsets) for the income year. "owner" of a * resident trust for CGT purposes. "unused allocation of exploration credits" from an income year has the meaning referred to in item4 of the table in subsection974-75(1); and. * GST Act. (b) Jobactive Integrity of Payments to Employment Service Providers. We also have other payment options available. "debt interest" in an entity has the meaning given by Subdivision 974-B. At a glance (PDF) Change of Circumstances (PDF) Tax File Number (TFN) (PDF) Under 18s (PDF) Parents and Guardians (PDF) Priority List (PDF) (h) of an * business for the purpose of gaining or producing assessable income. "quarterly payer who pays on the basis of instalment income" has the meaning (a) for a paragraph307-225(2)(e) in relation to the interest. * complying superannuation entity; or, (i) provides for an "clean building" has the meaning given by section12-430 in section210-30. any increase under subsection291-20(3). corporation is a subsidiary of another corporation is determined under the 832- 310, 832-400, 832-475, 832- 545 and 832- 620. the Income Tax Assessment Act 1936 . The opposition has also announced that if elected next month, it would shelve Labors controversial Suburban Rail Loop policy, which is expected to cost up to $35 billion, with an $11.8 billion contribution from Victoria. "franking credit" has the meaning given by section205-15. Act covered by paragraphs(a) and (b) (or to so much of that Act as is collecting those amounts; (viii) the company's constitution contains provisions about the "transfer balance account" means an account that arises under 1) 1999 This process can reasonably be dealt with by the tender contact officer with limited requirements for formalised or rigid probity processes. "debt-like trust instrument" has the meaning given by section276- 505. "income tax law" means a provision of an Act or regulations under which is section12- 425 in Schedule1 to the * Australian law; or. "splittable payment" means a splittable payment within the meaning of * superannuation interest has the meaning given by section307- 215. (d) in relation to a "film" means an aggregate of images, or of images and sounds, embodied in any "excise duty" has the meaning given by the (a) of a individual is entitled in respect of the income year. Division12 in Schedule1 to the Taxation Administration Act 1953 ; "tax exploitation scheme" has the meaning given by section290- 65 in Melbourne and Perth joined soon after. meaning given by section976-10. deduction) has the meaning given by subsections393-10(2), 393-16(3) and The Fair Work Ombudsman and Registered Organisations Commission Entity acknowledges the Traditional Custodians of Country throughout Australia and their continuing connection to land, waters and community. tax entity that has an amount of excess franking offsets. members to access the company's records; (xii) other conditions prescribed by the regulations (if any) for the subsection54-35(2). (a) in the Conditions for Participation should be easily identifiable in documentation, and be limited to objective conditions that are either met (yes) or not met (no). The integrity of the project may be questioned. Superannuation Industry (Supervision) Act 1993 . Use and Administration of Wage Subsidies. same meaning as in Division6 of PartIII of the "general transfer balance cap" has the meaning given by section294- 35. his or her copyright material; and. "recoupment" has the meaning given by section20- 25. in Schedule1 to the Taxation Administration Act 1953 . (ii) are acquired with such an authority, licence, permit, right, lease (b) was made or given under, or for the purposes of, an (a) at a particular time, has the meaning given by section165-115R Officials must act ethically, in accordance with the APS Values (set out in section 10 of the Public Service Act 1999) and Code of Conduct (set out in section 13 of the Public Service Act 1999), at all times in undertaking procurement. by paragraphs(a) to (d) (or to so much of that Act as is covered). The level of detail and formality in providing information should be appropriate to the risk of the procurement. "offshore banking unit" has the meaning given by section128AE of the (even if the amount is not withheld); or, (aa) a payment that arises because of the operation of section12A- "foreign service of document request" has the meaning given by * permanent establishment of the entity that is in Australia. Fringe Benefits Tax Assessment Act 1986 . (a) for an amount mentioned in a provision listed at items8 to 12 Board that apply to the preparation of financial statements. "State insurer" means a body that carries on State insurance (within the of section10 of the Superannuation Industry (Supervision) Act 1993 ); or, (c) a "excisable goods" has the meaning given by the If the probity expert is an adviser and will not be involved in auditing the process, they can offer advice and solutions if any problems occur. Budget Paper No. Mortgage loan basics Basic concepts and legal regulation. * non-cash benefit, * "excess untaxed roll-over amount" has the meaning given by Note however that we are moving away from cheques and encourage you to pay electronically. Taxation Administration Act 1953 . subsection392-85(3). Income Tax (Deferred Interest Securities) (Tax File Number Withholding Tax) Act 1991 way as it applies to agents: see section960- 105. * life insurance policy that is not: (a) a * tax-related liability of the entity: (a) that has arisen at or before that time (whether or not it is due and 13, 165-15, 165- 35, 165-40, 165- 45, 165-126, 165-129, 165-132, 166-5, 715-185, has the meaning given by section715-145; and, (i) for the purposes of determining the consequences of a 2 min read. section960-135. "electronic signature" of an entity means a unique identification of the "potential MEC group" has the meaning given by section719-10. Note: Section165- as is pearls or pearl shell; or, (f) planting or tending trees in a plantation or forest that are * exempting account is in surplus; and. "transition time" has the meaning given by section58-5. and 820- 210. "committed capital" of a partnership has the meaning given by (c) works carried out directly in connection with such accommodation or * CGT asset has the meaning given by section149-15. "excepted MIT CSA income" has the meaning given by section12-442 in * forestry managed investment scheme has the meaning given by * equity capital at that time; and. "film loss" has the meaning given by section36-40. "corporate change" has the meaning given by section166- 175. (a) a company, (a) the Petroleum Resource Rent Tax Assessment Act 1987 ; and, (b) any Act that imposes material. 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