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StatuteIncome Tax Assessment Act 1936

Section 435 — Income Tax Assessment Act 1936: Gross tainted turnover

Text of the provision Official document

For the purposes of this Part, the gross tainted turnover of a company of a statutory accounting period is so much of the gross turnover of the company of the statutory accounting period as consists of: (a) passive income of the company of the statutory accounting period; or (b) tainted sales income of the company of the statutory accounting period; or (c) tainted services income of the company of the statutory accounting period.

Official source: Federal Register of Legislation

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