Document ID: chunk:federal_register_of_legislation:C2025C00029:front:0:p11
Version: federal_register_of_legislation:C2025C00029
Segment Type: other
Provision Reference: 
Character Range: 27665–30525

Item  This term:         is defined in:
1.    amount             section 995‑1
2.    assessable income  Division 6
3.    assessment         section 995‑1
3A.   Australia          Subdivision 960‑T
4.    deduct, deduction  Division 8
5.    income tax         section 995‑1
6.    income year        section 995‑1
7.    taxable income     section 4‑15
8.    this Act           section 995‑1

2‑20  Identifying the defined term in a definition
  Within a definition, the defined term is identified by bold italics.

Subdivision 2‑D—The numbering system

Table of sections
2‑25 Purposes
2‑30 Gaps in the numbering

2‑25  Purposes
  Two main purposes of the numbering system in this Act are:
              * To indicate the relationship between units at different levels.
 For example, the number of Part 2‑15 indicates that the Part is in Chapter 2. Similarly, the number of section 165‑70 indicates that the section is in Division 165.
              * To allow for future expansion of the Act. The main technique here is leaving gaps between numbers.

2‑30  Gaps in the numbering
  There are gaps in the numbering system to allow for the insertion of new Divisions and sections.

Subdivision 2‑E—Status of Guides and other non‑operative material

Table of sections
2‑35 Non‑operative material
2‑40 Guides
2‑45 Other material

2‑35  Non‑operative material
  In addition to the operative provisions themselves, this Act contains other material to help you identify accurately and quickly the provisions that are relevant to you and to help you understand them.
  This other material falls into 2 main categories.

2‑40  Guides
  The first is the "Guides". A Guide consists of sections under a heading indicating that what follows is a Guide to a particular Subdivision, Division etc.
  Guides form part of this Act but are kept separate from the operative provisions. In interpreting an operative provision, a Guide may only be considered for limited purposes. These are set out in section 950‑150.

2‑45  Other material
  The other category consists of material such as notes and examples. These also form part of the Act. They are distinguished by type size from the operative provisions, but are not kept separate from them.

Division 3—What this Act is about

Table of sections
3‑5 Annual income tax
3‑10 Your other obligations as a taxpayer
3‑15 Your obligations other than as a taxpayer

3‑5  Annual income tax
 (1) Income tax is payable for each year by each individual and company, and by some other entities.
Note 1: Individuals who are Australian residents, and some trustees, are also liable to pay Medicare levy for each year. See the Medicare Levy Act 1986 and Part VIIB of the Income Tax Assessment Act 1936.
Note 2: Income tax is imposed by the Income Tax Act 1986 and the other Acts referred to in the definition of income tax in section 995‑1.
 (2)