Income Tax Assessment Act 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS  

PART 1-3 - CORE PROVISIONS  

Division 6 - Assessable income and exempt income  

Guide to Division 6  

Operative provisions

SECTION 6-25   Relationships among various rules about ordinary income  

6-25(1)    
Sometimes more than one rule includes an amount in your assessable income:

• the same amount may be ^* ordinary income and may also be included in your assessable income by one or more provisions about assessable income; or

• the same amount may be included in your assessable income by more than one provision about assessable income.

For a summary list of the provisions about assessable income, see section 10-5 .

However, the amount is included only once in your assessable income for an income year, and is then not included in your assessable income for any other income year.

6-25(2)    
Unless the contrary intention appears, the provisions of this Act (outside this Part) prevail over the rules about ^* ordinary income.

Note:

This Act contains some specific provisions about how far the rules about ordinary income prevail over the other provisions of this Act.