Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 11.1

    Ordinary income or statutory income which is exempt from income tax can be divided into 2 main classes:

  (a)   ordinary or statutory income of entities that are exempt, no matter what kind of ordinary or statutory income they have (see table in section   11 - 5);

  (b)   ordinary or statutory income of a kind that is exempt (see table in section   11 - 15).