Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 405 - Above-average special professional income of authors, inventors, performing artists, production associates and sportspersons  

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Subdivision 405-A - Above-average special professional income  

SECTION 405-15   When do you have above-average special professional income?  

405-15(1)    
Your taxable income for the * current year includes above-average special professional income if and only if:


(a) you are an individual; and


(b) you have been an Australian resident for all or part of the current year; and


(c) your * taxable professional income for the current year exceeds your * average taxable professional income for the current year; and


(d) either:


(i) your * taxable professional income for the current year is more than $2,500; or

(ii) your * taxable professional income for an earlier income year was more than $2,500 and you were an Australian resident for all or part of that income year.
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How much above-average special professional income do you have?

405-15(2)    
The amount of * above-average special professional income in your taxable income for the * current year is the difference between:


(a) your * taxable professional income for the current year; and


(b) your * average taxable professional income for the current year.

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