Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 405 - Above-average special professional income of authors, inventors, performing artists, production associates and sportspersons  

Subdivision 405-A - Above-average special professional income  

SECTION 405-15   When do you have above-average special professional income?  

405-15(1)  
Your taxable income for the ^* current year includes above-average special professional income if and only if:

(a) you are an individual; and

(b) you have been an Australian resident for all or part of the current year; and

(c) your ^* taxable professional income for the current year exceeds your ^* average taxable professional income for the current year; and

(d) either:

(i) your ^* taxable professional income for the current year is more than $2,500; or

(ii) your ^* taxable professional income for an earlier income year was more than $2,500 and you were an Australian resident for all or part of that income year.

How much above-average special professional income do you have?

405-15(2)  
The amount of ^* above-average special professional income in your taxable income for the ^* current year is the difference between:

(a) your ^* taxable professional income for the current year; and

(b) your ^* average taxable professional income for the current year.