Commonwealth Numbered Acts

INCOME TAX (COMPANIES, CORPORATE UNIT TRUSTS AND SUPERANNUATION FUNDS) ACT 1985 No. 125 of 1985 - 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;

"ineligible approved deposit fund" means an ineligible approved deposit
fund within the meaning of Division 9B 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;

"registered organization" means a registered organization within the
meaning of Division 8A of Part III of the Assessment Act;

"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.