• Specific Year
    Any

LOCAL GOVERNMENT ACT 1995 - SECT 5.80

LOCAL GOVERNMENT ACT 1995 - SECT 5.80

5.80 .         Source of income

        (1)         A relevant person is to disclose —

            (a)         in a primary return, each source from which the person reasonably expects to receive income in the period commencing on the start day and ending on the next 30 June; and

            (b)         in an annual return, each source from which income was received by the person at any time during the return period.

        (2)         A reference in subsection (1) to each source from which income was received, or is reasonably expected to be received, by a person is a reference to —

            (a)         in relation to income from an occupation of the person —

                  (i)         a description of the occupation; and

                  (ii)         if the person is employed or the holder of an office, the name and address of his or her employer or a description of the office; and

                  (iii)         if the person has entered into a partnership with other persons, the name (if any) under which the partnership is conducted;

                and

            (b)         in relation to income from a trust, the name and address of the settlor and the trustee; and

            (c)         in relation to any other income, a description sufficient to identify the person from whom, or the circumstances in which, the income was, or is reasonably expected to be, received.

        (3)         Nothing in this Subdivision requires a relevant person to disclose in a return the source of any income if the amount of the income received, or reasonably expected to be received, by the person from that source did not exceed the prescribed amount, or is not reasonably expected to exceed the prescribed amount.

        (4)         In this section —

        income means assessable income within the meaning of the Income Tax Assessment Act 1936 of the Commonwealth, but does not include fees, reimbursement of expenses or allowances referred to in Division 8.