Income Tax Employment Termination Payments (12 month rule) Determination 2018
6. Definitions6. Definitions
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6. Definitions
In this Determination:
‘liquidator’ means a person who becomes a liquidator of a company and who has given the Commissioner of Taxation notice of that fact under subsection 260-45(2) of Schedule 1 to the Taxation Administration Act 1953.
‘receiver’ means a person who, in the capacity of receiver, or of receiver and manager, takes possession of a company’s assets for the company’s debenture holders and who has given the Commissioner of Taxation notice of that fact under subsection 260-75(2) of Schedule 1 to the Taxation Administration Act 1953.
‘trustee in bankruptcy’ means a person who, in the capacity of ‘the trustee’ as defined in section 5 of the Bankruptcy Act 1966, notifies the Commissioner of Taxation of the bankruptcy.