Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1936 - SECT 102AF

Employment income and business income

             (1)  A reference in this Division to employment income is to be read as a reference to:

                     (a)  work and income support related withholding payments and benefits; and

                     (b)  payments made for services rendered or to be rendered; and

                     (c)  compensation, sickness or accident payments:

                              (i)  made to an individual because of the individual's or another's incapacity for work; and

                             (ii)  calculated at a periodical rate.

             (3)  In this Division, a reference, in relation to a person in relation to a year of income, to business income shall be read as a reference to income derived by the person during the year of income from carrying on of a business either alone or together with another person or other persons.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback