Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Your assessable income includes an amount that you receive as or by way of royalty within the ordinary meaning of "royalty" (disregarding the definition of royalty in subsection 995 - 1(1)) if the amount is not assessable as * ordinary income under section 6 - 5.
(2) Subsection (1) does not apply to an amount of a payment to which section 15 - 22 or 15 - 23 applies.