Income Tax Rates Act 1986

S 19 repealed by No 110 of 2006, s 3 and Sch 3 item 7, applicable to assessments for the 2006-2007 year of income and later years of income. S 19 formerly read:

SECTION 19 PRE-WORKFORCE INCOME  
19
For the purposes of this Division, where there is a part-year workforce period in relation to a taxpayer in relation to a year of income, the following amounts shall be taken to be pre-workforce income derived by the taxpayer in the year of income:

(a) where the taxpayer derived assessable income in the study period by way of salary or wages - the amount of that assessable income reduced by any related deductions;

(b) where:

(i) the taxpayer derived assessable income in the year of income by way of the proceeds of a business carried on by the taxpayer alone; and

(ii) the taxpayer carried on the business alone at any time during the study period;
the amount calculated in accordance with the formula AB/C , where:
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the period during the study period when the business was carried on by the taxpayer alone; and
C is the number of days in the period during the year of income when the business was carried on by the taxpayer alone;

(c) where:

(i) an amount was included in the assessable income of the taxpayer of the year of income under subsection 92(1) of the Assessment Act in respect of the net income of a partnership; and

(ii) the taxpayer was a partner in the partnership at any time during the study period;
the amount calculated in accordance with the formula AB/C where:
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the period during the study period when the taxpayer was a partner in the partnership; and
C is the number of days in the period during the year of income when the taxpayer was a partner in the partnership;

(d) where:

(i) an amount was included in the assessable income of the taxpayer of the year of income under section 97 , 98A , 99B or 100 of the Assessment Act in respect of a trust estate; and

(ii) the taxpayer was, at any time during the study period, a beneficiary of the trust estate;
the amount calculated in accordance with the formula AB/C where:
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the period during the study period when the taxpayer was a beneficiary of the trust estate; and
C is the number of days in the period during the year of income when the taxpayer was a beneficiary of the trust estate;

(e) where the taxpayer derived assessable income in the year of income otherwise than:

(i) by way of salary or wages;

(ii) by way of the proceeds of a business carried on by the taxpayer alone; or

(iii) by virtue of the inclusion in the assessable income of the taxpayer of an amount under subsection 92(1) or section 97 , 98A , 99B or 100 of the Assessment Act;
the amount calculated in accordance with the formula AB/C where:
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the study period; and
C is the number of days in the year of income.