Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 17.5

    An amount is not assessable income, and is not * exempt income, to the extent that it includes an amount relating to:

  (a)   * GST payable on a * taxable supply; or

  (b)   an * increasing adjustment that relates to a * supply; or

  (c)   an * increasing adjustment that:

  (i)   relates to an * acquisition; and

  (ii)   arises in circumstances that also give rise to a * recoupment that is included in assessable income.