INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 (ARCHIVE)

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  

SECTION 405-1 (ARCHIVE)   Application of Division 405 of the Income Tax Assessment Act 1997  

405-1(1)    
Division 405 of the Income Tax Assessment Act 1997 applies for the purposes of assessments for the 1998-99 income year and later income years.

405-1(2)    
It applies for the purposes of your assessment as if:


(a) for each income year earlier than the 1998-99 income year you had a taxable professional income equal to your eligible taxable income (if any) under Division 16A of Part III of the Income Tax Assessment Act 1936 for that earlier income year; and


(b) you had been an Australian resident for each income year before the 1998-99 income year for which you were a qualifying resident taxpayer under Division 16A of Part III of the Income Tax Assessment Act 1936 .

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