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.