Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 2.15

(1) Once a defined term has been identified by an asterisk, later occurrences
of the term in the same subsection are not usually asterisked.

(2) Terms are not asterisked in the non-operative material contained in this
Act. Note: The non-operative material is described in Subdivision 2-E.

(3) The following basic terms used throughout the Act are not identified with
an asterisk. They fall into 2 groups:

Key participants in the income tax system
Item    This term:             is defined in:

1.      Australian resident    section 995-1

2.      Commissioner           section 995-1

3.      company                section 995-1

4.      entity                 section 960-100

5.      individual             section 995-1

6.      partnership            section 995-1

7.      person                 section 995-1

8.      trustee                section 995-1

9.      you                    section 4-5


Core concepts
Item    This term:             is defined in:

1.      amount                 section 995-1

2.      assessable income      Division 6

3.      assessment             section 995-1

4.      deduct, deduction      Division 8

5.      income tax             section 995-1 

6.      income year            section 995-1

7.      taxable income         section 4-15

8.      this Act               section 995-1