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Income Tax Assessment Act 1997
35‑30 Assessable income test35‑30 Assessable income test
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#### 35‑30 Assessable income test
The rules in section 35‑10 do not apply to a \*business activity for an income year if:
(a) the amount of assessable income from the business activity for the year; or
(b) you started to carry on the business activity, or stopped carrying it on, during the year—a reasonable estimate of what would have been the amount of that assessable income if you had carried on that activity throughout the year;
is at least $20,000.