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 6-25   Relationships among various rules about ordinary income  

6-25(1)  
Sometimes more than one rule includes an amount in your assessable income:

  • · the same amount may be * ordinary income and may also be included in your assessable income by one or more provisions about assessable income; or
  • · the same amount may be included in your assessable income by more than one provision about assessable income.
  • For a summary list of the provisions about assessable income, see section 10-5 .

    However, the amount is included only once in your assessable income for an income year, and is then not included in your assessable income for any other income year.

    6-25(2)  
    Unless the contrary intention appears, the provisions of this Act (outside this Part) prevail over the rules about * ordinary income.

    Note:

    This Act contains some specific provisions about how far the rules about ordinary income prevail over the other provisions of this Act.


     

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