Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 6.25

(1) Sometimes more than one rule includes an amount in your assessable income:
. the same amount may be *ordinary income and may also be included in your
assessable income by one or more provisions about assessable income; or
. the same amount may be included in your assessable income by more than one
provision about assessable income. For a summary list of the provisions about
assessable income, see section 10-5.

However, the amount is included only once in your assessable income for an
income year, and is then not included in your assessable income for any other
income year.

(2) Unless the contrary intention appears, the provisions of this Act (outside
this Part) prevail over the rules about *ordinary income. Note: This Act
contains some specific provisions about how far the rules about ordinary
income prevail over the other provisions of this Act.