Commonwealth Numbered Acts

Income Tax (Companies, Corporate Unit Trusts and Superannuation Funds) Act 1983 No. 106 of 1983 - SECT 3

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

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

         ''corporate unit trust'' means a unit trust that is a corporate unit
trust within the meaning of Division 6B of Part III of the Assessment Act;

         ''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
        constituent 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, net income or taxable
income shall be read as a reference to investment income, net income or
taxable income, as the case may be, of the year of income.