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Australian Apprenticeship Support Loans Rules 2023
22The comprehensive tax-based assessment method
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22 The comprehensive tax-based assessment method
Under the comprehensive tax-based assessment method, a person’s foreign-sourced income for an income year is the amount that is equal to the difference between: (a) the total amount of all the person’s income for that income year, other than ordinary income or statutory income that has an Australian source; and (b) the total amounts of the deductions that would be allowable under the income tax law if that income were assessable income.