Commonwealth Numbered Acts

INCOME TAX RATES ACT 1986 No. 107 of 1986 - SECT 19

19. For the purposes of this Division, where there is a part-year workforce
period in relation to a taxpayer in relation to a year of income, the
following amounts shall be taken to be pre-workforce income derived by the
taxpayer in the year of income:

   (a)  where the taxpayer derived assessable income in the study period by
        way of salary or wages - the amount of that assessable income reduced
        by any related deductions;

   (b)  where-

        (i)    the taxpayer derived assessable income in the year of income by
               way of the proceeds of a business carried on by the taxpayer
               alone; and

        (ii)   the taxpayer carried on the business alone at any time during
               the study period, the amount calculated in accordance with the
               formula AB __, where-
C
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the period during the study period when the
business was carried on by the taxpayer alone; and
C is the number of days in the period during the year of income when the
business was carried on by the taxpayer alone;

   (c)  where-

        (i)    an amount was included in the assessable income of the taxpayer
               of the year of income under sub-section 92(1) of the Assessment
               Act in respect of the net income of a partnership; and

        (ii)   the taxpayer was a partner in the partnership at any time
               during the study period, the amount calculated in accordance
               with the formula AB __, where-
C
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the period during the study period when the
taxpayer was a partner in the partnership; and
C is the number of days in the period during the year of income when the
taxpayer was a partner in the partnership;

   (d)  where-

        (i)    an amount was included in the assessable income of the taxpayer
               of the year of income under section 97, 98A, 99B or 100 of the
               Assessment Act in respect of a trust estate; and

        (ii)   the taxpayer was, at any time during the study period, a
               beneficiary of the trust estate, the amount calculated in
               accordance with the formula AB __, where-
C
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the period during the study period when the
taxpayer was a beneficiary of the trust estate; and
C is the number of days in the period during the year of income when the
taxpayer was a beneficiary of the trust estate;

   (e)  where the taxpayer derived assessable income in the year of income
        otherwise than-

        (i)    by way of salary or wages;

        (ii)   by way of the proceeds of a business carried on by the taxpayer
               alone; or

        (iii)  by virtue of the inclusion in the assessable income of the
               taxpayer of an amount under sub-section 92 (1) or section 97,
               98A, 99B or 100 of the Assessment Act, the amount calculated in
               accordance with the formula AB __, where-
C
A is the amount of that assessable income reduced by any related deductions;
B is the number of days in the study period; and
C is the number of days in the year of income.