INCOME TAX ASSESSMENT ACT 1936 - SECT 149 Average income
INCOME TAX ASSESSMENT ACT 1936 - SECT 149
Average income (1) For the purposes of the application of this Division
in relation to a taxpayer in relation to a year of income, a reference in this
Division to the average income of the taxpayer shall be construed as a
reference to the average of the taxable incomes of the taxpayer of the years
of income (in this Division referred to as average years ) beginning
with the first average year and ending with the first - mentioned
year of income.