Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 385 - Primary production  

Subdivision 385-H - Rules that apply to all elections made under Subdivisions 385-E, 385-F and 385-G  

SECTION 385-155  

385-155   Amounts are assessable income from carrying on the primary production business  

The following are taken to be assessable income from carrying on a ^* primary production business in Australia:

(a) an amount included in your assessable income because of an election under Subdivision 385-E , 385-F or 385-G ; or

(b) an amount included in your assessable income because of section 385-160 (Effect of certain events on election).