INCOME TAX ASSESSMENT ACT 1997 - SECT 86.10 Object of this Division

INCOME TAX ASSESSMENT ACT 1997 - SECT 86.10

    The object of this Division is to ensure that individuals cannot reduce or defer their income tax (and other liabilities) by alienating their * personal services income through companies, partnerships or trusts that are not conducting * personal services businesses.

Note:   The general anti - avoidance provisions of Part   IVA of the Income Tax Assessment Act 1936   may still apply to cases of alienation of personal services income that fall outside this Division.