Document ID: chunk:federal_register_of_legislation:C2005A00077:clause:4_2:p2
Version: federal_register_of_legislation:C2005A00077
Segment Type: clause
Provision Reference: sch 4 cl 2 (pt 2/2)
Character Range: 14101–15005

*personal services income;
 (ii) assessable income from a *business you carry on;
 (iii) an amount included under section 393‑15 of Schedule 2G to the Income Tax Assessment Act 1936 as a result of the repayment of a *farm management deposit;
 (b) your *reportable fringe benefits total for the year;
less the sum of any amounts you can deduct for the year to the extent that they relate to assessable income mentioned in subparagraph (a)(i) or (ii).

 (2) Your net income from working for an income year does not include your assessable income for the year to the extent that it consists of the following:
 (a) amounts of *eligible termination payments;
 (b) amounts to which section 26AC or 26AD of the Income Tax Assessment Act 1936 applies (about annual or long service leave payments);
 (c) amounts of passive income (within the meaning of subsection 160AEA(1) of the Income Tax Assessment Act 1936).