Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 405.40

  (1)   If you are a joint author of a literary, dramatic, musical or artistic work, work out your * assessable professional income as if you were the author of that work.

Note:   This section means that you are treated as a special professional, even if you have never been the sole author of a work.

  (2)   If you are a joint inventor of an invention, work out your * assessable professional income as if you were the inventor of that invention.

Note:   This section means that you are treated as a special professional, even if you have never been the sole inventor of an invention.

Table of sections

405 - 45   Working out your taxable professional income

405 - 50   Working out your average taxable professional income