300‑5 Dictionary300‑5 Dictionary

300‑5 Dictionary

In this Act:

ABN (short for Australian Business Number) has the meaning given by the Income Tax Assessment Act 1997.

accounting standards has the same meaning as in the Corporations Act 2001.

ACNC means the Australian Charities and Not‑for‑profits Commission.

ACNC officer means:

(a) the Commissioner; or
(b) a member of the staff assisting the Commissioner as mentioned in subsection 120‑5(1).

administrative decision has the meaning given by subsection 155‑5(2).

Advisory Board means the Advisory Board of the ACNC.

approved form has the meaning given by section 190‑10.

ART means the Administrative Review Tribunal.

ART Act means the Administrative Review Tribunal Act 2024.

ART extension application means an application under section 19 of the ART Act to extend the period during which an application may be made to the ART for review of an objection decision or an extension of time refusal decision.

ASIC means the Australian Securities and Investments Commission.

audit means an audit conducted for the purposes of this Act.

auditing standard has the same meaning as in the Corporations Act 2001.

auditor’s report means a report under section 60‑45.

Australia includes the external Territories.

Australian government agency means:

(a) the Commonwealth, a State or a Territory; or
(b) an authority of the Commonwealth or of a State or a Territory.

Australian law has the meaning given by the Income Tax Assessment Act 1997.

base penalty amount:

(a) under Subdivision 175‑B, has the meaning given by section 175‑20; and
(b) under Subdivision 175‑C, has the meaning given by subsection 175‑40(2).

basic religious charity has the meaning given by section 205‑35.