Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p1
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 1/95)
Character Range: 5549052–5551988

4                                                           Professional year 4  1/4 of the sum of your *taxable professional income for each of *professional years 1, 2 and 3                                                    1/3 of the sum of your *taxable professional income for each of *professional years 1, 2 and 3

Note: If you were a foreign resident for any part of the income year immediately before professional year 1, the effect of item 1 of the table is that your taxable income for professional year 1 will not include above‑average special professional income.

Division 410—Copyright and resale royalty collecting societies

Table of Subdivisions
 Guide to Division 410
410‑A Notice of payments

Guide to Division 410

410‑1  What this Division is about
      This Division sets out rules that apply whenever:

                (a) a copyright collecting society to which section 51‑43 applies makes a payment to a member of the society; or
                (b) the resale royalty collecting society pays a resale royalty.

Subdivision 410‑A—Notice of payments

Table of sections
410‑5 Copyright collecting society must give notice to member of society
410‑50 Resale royalty collecting society must give notice to holder of resale royalty right

410‑5  Copyright collecting society must give notice to member of society
 (1) A *copyright collecting society must give a *member of the society notice of any payment it makes to the member, if section 51‑43 applies to the society.
 (2) The society must give the notice at the time of the payment.
 (3) The notice must be in the *approved form.
Note: Under section 288‑75 in Schedule 1 to the Taxation Administration Act 1953 a society is liable to an administrative penalty for failing to give a notice required under this section.

410‑50  Resale royalty collecting society must give notice to holder of resale royalty right
 (1) The *resale royalty collecting society must give an entity notice of any payment it makes to the entity under section 26 of the Resale Royalty Right for Visual Artists Act 2009, if section 51‑45 of this Act applies to the society.
 (2) The society must give the notice at the time of the payment.
 (3) The notice must be in the *approved form.
Note: Under section 288‑75 in Schedule 1 to the Taxation Administration Act 1953 the society is liable to an administrative penalty for failing to give a notice required under this section.

Division 415—Designated infrastructure projects

Table of Subdivisions
 Guide to Division 415
415‑A Object of this Division
415‑B Tax losses and bad debts
415‑C Designating infrastructure projects

Guide to Division 415

415‑1  What this Division is about
      This Division provides for special treatment for tax losses and bad debts for certain entities (called "designated infrastructure project entities") that carry on infrastructure projects that the Infrastructure CEO designates under Subdivision