Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 15.1

This Division sets out some items that are included in your assessable income. Remember that the general rules about assessable income in Division   6 apply to these items.

Table of sections

Operative provisions

15 - 2   Allowances and other things provided in respect of employment or services

15 - 3   Return to work payments

15 - 5   Accrued leave transfer payments

15 - 10   Bounties and subsidies

15 - 15   Profit - making undertaking or plan

15 - 20   Royalties

15 - 22   Payments made to members of a copyright collecting society

15 - 23   Payments of resale royalties by resale royalty collecting society

15 - 25   Amount received for lease obligation to repair

15 - 30   Insurance or indemnity for loss of assessable income

15 - 35   Interest on overpayments and early payments of tax

15 - 40   Providing mining, quarrying or prospecting information or geothermal exploration information

15 - 45   Amounts paid under forestry agreements

15 - 46   Amounts paid under forestry managed investment schemes

15 - 50   Work in progress amounts

15 - 55   Certain amounts paid under funeral policy

15 - 60   Certain amounts paid under scholarship plan

15 - 70   Reimbursed car expenses

15 - 75   Bonuses

15 - 80   Franked distributions entitled to a foreign income tax deduction--Additional Tier 1 capital exception