Commonwealth Numbered Acts

INCOME TAX (COMPANIES AND SUPERANNUATION FUNDS) ACT 1976 No. 208 of 1976 - SECT 3

3. (1) In this Act, unless the contrary intention appears-

''Assessment Act'' means the Income Tax Assessment Act 1936;

''friendly society dispensary'' means a friendly society dispensary to which
Division 9A of Part III of the Assessment Act applies;

''investment income'' has the same meaning as in Division 9B of Part III of
the Assessment Act;

''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
        constitutent document, prohibited from making any distribution,
        whether in money, property or otherwise, to its members; or

   (b)  a friendly society dispensary;

''superannuation fund'' means a provident, benefit, superannuation or
retirement fund;

''tax'' means income tax referred to in sub-section 5 (1).

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