INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-1 - ASSESSABLE INCOME  

Division 15 - Some items of assessable income  

Operative provisions  

SECTION 15-10   15-10   Bounties and subsidies  


Your assessable income includes a bounty or subsidy that:


(a) you receive in relation to carrying on a * business; and


(b) is not assessable as * ordinary income under section 6-5 .


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