INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 3 - Deductions  

Subdivision A - General  

SECTION 64   COMMISSION  

64(1)   [Expenditure is allowable deduction]  

Expenditure incurred by the taxpayer in the year of income by way of commission for collecting his assessable income shall be an allowable deduction.

64(2)   [No application 1997/98 income year onwards]  

This section does not apply to the 1997-98 year of income or a later year of income.