Document ID: chunk:federal_register_of_legislation:C2025C00014:section:124zy
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 124ZY
Character Range: 1203641–1204222

124ZY  Classes of assessable income

Classes
 (1) The classes of assessable income of the company are as follows:
 (a) SME assessable income (see section 124ZT);
 (b) other assessable income (see subsection(2)).

Other assessable income
 (2) The company's other assessable income of the year of income is the sum of:
 (a) so much of the company's non‑CGT assessable income of the year of income as is not included in the company's SME assessable income of the year of income; and
 (b) any assessable income allocated to the company's other assessable income under section 124ZZB.