Income Tax Assessment Act 1997
Ordinary income or statutory income which is exempt from income tax can be divided into 2 main classes:
(a) ordinary or statutory income of entities that are exempt, no matter what kind of ordinary or statutory income they have (see table in section 11-5 );
(b) ordinary or statutory income of a kind that is exempt (see table in section 11-15 ).
(c) (Repealed by No 12 of 2012)
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.