s 15-15
In forceApplication of section 15‑15 of the Income Tax Assessment Act 1997 to profit‑making undertaking or plan
Chapter 2Liability rules of general application
Part 2-1Assessable income
Division 15Some items of assessable income
15-15 Application of section 15‑15 of the Income Tax Assessment Act 1997 to profit‑making undertaking or plan
Section 15‑15 (Profit‑making undertaking or plan) of the Income Tax Assessment Act 1997 applies to a profit arising in the 1997‑98 income year or a later income year, even if the undertaking or plan was entered into, or began to be carried on or carried out, before the 1997‑98 income year.
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