Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 16 - Averaging of incomes  

SECTION 158  

158   APPLICATION OF DIVISION  

This Division shall not apply in any case where there are not at least 2 average years or where the taxpayer is assessed in accordance with section 99A in respect of the year of income, and shall not apply to the taxable income of a company except income in respect of which it is assessable as a trustee.