Australiantaxationlawnotes澳大利亚税法概要.docVIP

实用文档 Topic 2 Ordinary Income Assessable income = ordinary income + statutory income (s. 6-1(1)) Taxable income = assessable income - deduction (s. 995-1(1) s. 4-15) Ordinary income: a. Periodicity, recurrence regularity (Harris, Dixon) b. Income must be money or convertible into money c. Receipts from income producing activities will be regarded as ordinary income income earning activity (Harris, Dixon) Income earning activities: a. Personal exertion (personal services, employment, one-off services)