Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 6.10

(1) Your assessable income also includes some amounts that are not

*ordinary income. Note: These are included by provisions about assessable
income. For a summary list of these provisions, see section 10-5.

(2) Amounts that are not *ordinary income, but are included in your assessable
income by provisions about assessable income, are called statutory income.
Note: Many provisions in the summary list in section 10-5 contain rules about
ordinary income. These rules do not change its character as ordinary income.

(3) If an amount would be *statutory income apart from the fact that you have
not received it, it becomes statutory income as soon as it is applied or dealt
with in any way on your behalf or as you direct.

(4) If you are an Australian resident, your assessable income includes your
*statutory income from all sources, whether in or out of Australia.

(5) If you are not an Australian resident, your assessable income includes:

   (a)  your *statutory income from all *Australian sources; and

   (b)  other *statutory income that a provision includes in your assessable
        income on some basis other than having an *Australian source.