Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 70.115

    Your assessable income includes an amount that:

  (a)   you receive by way of insurance or indemnity for a loss of * trading stock; and

  (b)   is not assessable as * ordinary income under section   6 - 5.

Table of sections

70 - 120   Deducting capital costs of acquiring trees