INCOME TAX ASSESSMENT ACT 1997 - SECT 15.10 Bounties and subsidies

INCOME TAX ASSESSMENT ACT 1997 - SECT 15.10

    Your assessable income includes a bounty or subsidy that:

  (a)   you receive in relation to carrying on a * business; and

  (b)   is not assessable as * ordinary income under section   6 - 5.