Taxation Laws Amendment Act (No. 4) 2003 (66 of 2003)

Schedule 3   Non-assessable non-exempt income

Income Tax Assessment Act 1997

60   Before section 11-1A

Insert:

Subdivision 11-A - Lists of classes of exempt income

Table of sections

11-1A Effect of this Subdivision

11-1 Overview

11-5 Entities that are exempt, no matter what kind of ordinary or statutory income they have

11-10 Ordinary or statutory income which is exempt, no matter whose it is

11-15 Ordinary or statutory income which is exempt only if it is derived by certain entities