Income Tax Assessment Act 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS  

PART 1-3 - CORE PROVISIONS  

Division 6 - Assessable income and exempt income  

Guide to Division 6  

Operative provisions

SECTION 6-23  

6-23   Non-assessable non-exempt income  

An amount of ^* ordinary income or ^* statutory income is non-assessable non-exempt income if a provision of this Act or of another ^* Commonwealth law states that it is not assessable income and is not ^* exempt income.

Note:

Capital gains and losses on assets used to produce some types of non-assessable non-exempt income are disregarded (see section 118-12 ).

For a summary list of provisions about non-assessable non-exempt income, see Subdivision 11-B .