Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 16 - Averaging of incomes  

SECTION 149   AVERAGE INCOME  

149(1)   [Application]  

For the purposes of the application of this Division in relation to a taxpayer in relation to a year of income, a reference in this Division to the average income of the taxpayer shall be construed as a reference to the average of the taxable incomes of the taxpayer of the years of income (in this Division referred to as average years ) beginning with the first average year and ending with the first-mentioned year of income.

149(2)    

(Omitted by No 126 of 1977)