Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 35.30

Assessable income test

                   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.



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