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LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 No. 206, 1976 - SECT 3
Interpretation.
3. (1) In this Act, unless the contrary intention appears-
''authorized person'' means the Commissioner of Taxation;
''Board of Review'' means a Board of Review constituted under the Income Tax
Assessment Act 1936 ;
''deposit'' means an Income Equalization Deposit made in pursuance of this
Act;
''request'' means a request under section 16, 17, 18 or 19;
''stock'' means stock issued under the name of Drought Bonds in pursuance of
the Loan (Drought Bonds) Act 1969 and ''parcel of stock'' has the same meaning
as in that Act;
''year of income'', in relation to a person, has the same meaning as it has in
relation to that person under the Income Tax Assessment Act 1936.
(2) In this Act, unless the contrary intention appears, a reference to a
depositor, in relation to a deposit, shall be construed-
(a) in the case of a deposit made by a person in the capacity of a trustee
of a trust estate on behalf of a beneficiary who, at the time when the
deposit was made, was under a legal disability-
(i) if the beneficiary is still under a legal disability-as a
reference to the trustee; or
(ii) if the beneficiary is no longer under a legal disability-as a
reference to the beneficiary; and
(b) in any other case-as a reference to the person who made the deposit.
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