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INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 6.1

Diagram showing relationships among concepts in this Division
(DIAGRAM OMITTED - SEE PRINTED COPY)

(1) Assessable income consists of *ordinary income and *statutory income.

(2) Some *ordinary income, and some *statutory income, is *exempt income.

(3) *Exempt income is not assessable income.

(4) Some *ordinary income, and some *statutory income, is neither assessable
income nor *exempt income. 


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