Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 11.1

                   Ordinary income or statutory income which is exempt from income tax can be divided into 3 main classes:

                     (a)  ordinary or statutory income of entities that are exempt, no matter what kind of ordinary or statutory income they have (see table in section 11-5);

                     (b)  ordinary or statutory income which is exempt, no matter whose it is (see table in section 11-10);

                     (c)  ordinary or statutory income which is exempt only if it is * derived by certain entities (see table in section 11-15).