Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 86.10

Object of this Division

                   The object of this Division is to ensure that individuals cannot reduce or defer their income tax (and other liabilities) by alienating their * personal services income through companies, partnerships or trusts that are not conducting * personal services businesses.

Note:          The general anti-avoidance provisions of Part IVA of the Income Tax Assessment Act 1936  may still apply to cases of alienation of personal services income that fall outside this Division.



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