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Income Tax Assessment Act 1997
11‑1 Overview11‑1 Overview
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11‑1 Overview
Ordinary income or statutory income which is exempt from income tax can be divided into 2 main classes: (a) ordinary or statutory income of entities that are exempt, no matter what kind of ordinary or statutory income they have (see table in section 11‑5); (b) ordinary or statutory income of a kind that is exempt (see table in section 11‑15).