Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 35.30

    The rules in section   35 - 10 do not apply to a * business activity for an income year if:

  (a)   the amount of assessable income from the business activity for the year; or

  (b)   you started to carry on the business activity, or stopped carrying it on, during the year--a reasonable estimate of what would have been the amount of that assessable income if you had carried on that activity throughout the year;

is at least $20,000.