Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 51.60

Prime Minister's Prizes

             (1)  To the extent that the Prime Minister's Prize for Australian History would otherwise be assessable income, it is exempt from income tax.

             (2)  To the extent that the Prime Minister's Prize for Science would otherwise be assessable income, it is exempt from income tax.

             (3)  To the extent that a Prime Minister's Literary Award would otherwise be assessable income, it is exempt from income tax.



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