4Definitions

4 Definitions

Note: Expressions have the same meaning in this instrument as in the Income Tax Assessment Act 1997 as in force from time to time—see paragraph 13(1)(b) of the Legislation Act 2003.

assessing event, for a dwelling, means any of the following:

(a) a lease being entered into for the dwelling;
(b) the lease for the dwelling being renewed;
(c) after a lease is entered into or renewed, one of more of the following occurring:
(i) an adult individual moving in or out of the dwelling;
(ii) a dependent child of an adult individual occupying the dwelling moving out of the dwelling, resulting in no dependent children of an adult individual occupying the dwelling continuing to occupy the dwelling;
(iii) an individual occupying the dwelling providing a notice under subsection 7(6).

average annual earnings means the amount of the full‑time adult average weekly ordinary time earnings (original), for the most recent period for which an amount has been published by the Australian Statistician, multiplied by 52.

Note: In 2024, statistics published by the Australian Statistician could be viewed on the Australian Bureau of Statistics website (http://www.abs.gov.au).

BTR owner, in relation to a dwelling, means the owner of the dwelling that forms part of a build to rent development.

dependent child: an individual is a dependent child of another individual if:

(a) the second individual is a parent of the first individual; and
(b) either:
(i) the first individual is a dependent child of the second individual within the meaning of subsection 5(2) or (4) of the Social Security Act 1991; or
(ii) the first individual is receiving a disability support pension (within the meaning of the Social Security Act 1991), and lives with the second individual.

lower-income dwelling has the meaning given by subsection 7(1).

moderate-income dwelling has the meaning given by subsection 6(1).

the Act means the Income Tax Assessment Act 1997.