Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Your taxable income for the * current year includes above - average special professional income if and only if:
(a) you are an individual; and
(b) you have been an Australian resident for all or part of the current year; and
(c) your * taxable professional income for the current year exceeds your * average taxable professional income for the current year; and
(d) either:
(i) your * taxable professional income for the current year is more than $2,500; or
(ii) your * taxable professional income for an earlier income year was more than $2,500 and you were an Australian resident for all or part of that income year.
How much above - average special professional income do you have?
(2) The amount of * above - average special professional income in your taxable income for the * current year is the difference between:
(a) your * taxable professional income for the current year; and
(b) your * average taxable professional income for the current year.
Table of sections
405 - 20 What you count as assessable professional income
405 - 25 Meaning of special professional , performing artist , production associate , sportsperson and sporting competition
405 - 30 What you cannot count as assessable professional income
405 - 35 Limits on counting amounts as assessable professional income
405 - 40 Joint author or inventor treated as sole author or inventor