Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 435

Gross tainted turnover

                   For the purposes of this Part, the gross tainted turnover of a company of a statutory accounting period is so much of the gross turnover of the company of the statutory accounting period as consists of:

                     (a)  passive income of the company of the statutory accounting period; or

                     (b)  tainted sales income of the company of the statutory accounting period; or

                     (c)  tainted services income of the company of the statutory accounting period.



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