Disposal of ordinary income—not a member of a couple

In force

If a person who is not a member of a couple has, on or after 1 June 1984, disposed of ordinary income of the person, the amount of that disposition is to be included in the person’s ordinary income for the purposes of this Act.

Note 1:

For disposes of income see section 48.

Note 2:

For amount of disposition see section 48A.

Note 3:

For ordinary income see subsection 5H(1): ordinary income includes investment income but does not include maintenance income.

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48B Disposal of ordinary income—not a member of a couple