Statute
Section 152 — Income Tax Assessment Act 1936: Taxpayer not in receipt of assessable income
Text of the provision Official document
Any year in which the taxpayer was not carrying on business and was not in receipt of assessable income shall not be counted as an average year, and the provisions of this Division shall apply to the income thereafter derived by the taxpayer as if he or she had never been a taxpayer before that year.
Official source: Federal Register of Legislation
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