INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 16A - Abnormal income of artists, composers, inventors, performers, production associates, sportspersons and writers  

SECTION 158J  

158J   ELIGIBLE TAXABLE INCOME  
The eligible taxable income of a year of income of a taxpayer is the amount (if any) remaining after deducting from the eligible assessable income of the taxpayer of the year of income:

(a) any deductions allowable to the taxpayer in relation to the year of income that relate exclusively to that eligible assessable income;

(b) so much of any other deductions (other than apportionable deductions) allowable to the taxpayer in relation to the year of income as, in the opinion of the Commissioner, may appropriately be related to that eligible assessable income; and

(c) the amount calculated in accordance with the formula:

AD   ×   ETI AD   +   TI

where:
AD is the number of dollars in the apportionable deductions allowable to the taxpayer in relation to the year of income;
ETI is the amount that, but for this paragraph, would be the eligible taxable income of the taxpayer of the year of income; and
TI is the number of dollars in the taxable income of the taxpayer of the year of income.