Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 102AF

  (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.