Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-1
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ASSESSABLE INCOME
Division 15
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Some items of assessable income
Operative provisions
SECTION 15-20
Royalties
15-20(1)
Your assessable income includes an amount that you receive as or by way of royalty within the ordinary meaning of " royalty " (disregarding the definition of royalty in subsection 995-1(1) ) if the amount is not assessable as * ordinary income under section 6-5 . 15-20(2)
Subsection (1) does not apply to an amount of a payment to which section 15-22 or 15-23 applies.
View history note
Hide history noteYour assessable income includes an amount that you receive as or by way of royalty within the ordinary meaning of " royalty " (disregarding the definition of royalty in subsection 995-1(1) ) if the amount is not assessable as * ordinary income under section 6-5 . 15-20(2)
Subsection (1) does not apply to an amount of a payment to which section 15-22 or 15-23 applies.
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