Section 102AF — Income Tax Assessment Act 1936: Employment income and business income

(1) A reference in this Division to employment income is to be read as a reference to: (a) work and income support related withholding payments and benefits; and (b) payments made for services rendered or to be rendered; and (c) compensation, sickness or accident payments: (i) made to an individual because of the individual’s or another’s incapacity for work; and (ii) calculated at a periodical rate. (3) In this Division, a reference, in relation to a person in relation to a year of income, to business income shall be read as a reference to income derived by the person during the year of income from carrying on of a business either alone or together with another person or other persons.