Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 17.5

                   An amount is not assessable income, and is not * exempt income, to the extent that it includes an amount relating to:

                     (a)  * GST payable on a * taxable supply; or

                     (b)  an * increasing adjustment that relates to a * supply; or

                     (c)  an * increasing adjustment that:

                              (i)  relates to an * acquisition; and

                             (ii)  arises in circumstances that also give rise to a * recoupment that is included in assessable income.