Section CO 1 — Income Tax Act 2007: Income from voluntary activities

CO 1 Income from voluntary activities Income (1) An amount derived by a person in undertaking a voluntary activity is income of the person. Relationship with section CW 62B (2) This section is overridden by section CW 62B (Voluntary activities). Defined in this Act: amount , income Section CO 1: inserted (with effect on 1 April 2009), on 6 October 2009, by section 27(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).