Commonwealth Numbered Acts

LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976 No. 206, 1976 - SECT 3

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.