Australian Apprenticeship Support Loans Act 2014
View history note
Hide history noteA person ' s assessed worldwide income for an income year is an amount equal to the sum of:
(a) the person ' s repayment income for the income year; and
(b) the person ' s foreign-sourced income for the income year, converted into Australian currency.
47B(2)
The rules may provide for how to work out a person ' s foreign-sourced income for an income year, including how to convert it into Australian currency.
47B(3)
Without limiting subsection (2), the rules may provide for a person ' s foreign-sourced income for an income year to be worked out in relation to a period that does not correspond to that income year.
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