Document ID: chunk:federal_register_of_legislation:C2025C00029:section:14:p12
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 14 (pt 12/19)
Character Range: 5529680–5532712

the day on which it is paid as:
 (a) unless paragraph (b) or (c) applies—1 January in the income year; or
 (b) if the first time an amount is paid under the scheme is later than the first day of the income year—the last day of the income year; or
 (c) if the scheme comes to an end on a day before the end of the income year—that day.

Exclusions—general
 (3) However, direct forestry expenditure under the scheme does not include amounts paid under the scheme to the extent that they relate to any of the following:
 (a) marketing of the scheme;
Example: Advertising, sales, sponsorship and entertainment.
 (b) insurance, contingency funds or provisions (other than provisions for employee entitlements);
 (c) financing;
 (d) lobbying;
 (e) general business overheads (but not overheads directly related to forestry);
 (f) subscriptions to industry bodies;
 (g) commissions for financial planners or financial advisers;
 (h) compliance with requirements related to the structure and operations of the *forestry manager of the scheme;
Example: Product design and preparation of product disclosure statements.
 (i) supervision and auditing of contracts, other than direct supervision of direct forestry activities (such as establishing trees for felling);
 (j) legal fees relating to any matter mentioned in this subsection.

Exclusions—expenditure after harvest etc.
 (4) Also, direct forestry expenditure under the scheme does not include amounts paid under the scheme to the extent that they relate to any of the following:
 (a) transportation and handling of felled trees that happens after the earliest of the following:
 (i) sale of the trees;
 (ii) arrival of the trees at the mill door;
 (iii) arrival of the trees at the port;
 (iv) arrival of the trees at the place of processing (other than where processing happens in‑field);
 (b) processing;
 (c) stockpiling (other than in‑field stockpiling);
 (d) marketing and sale of forestry produce.

Division 405—Above‑average special professional income of authors, inventors, performing artists, production associates and sportspersons

Table of Subdivisions
 Guide to Division 405
405‑A Above‑average special professional income
405‑B Assessable professional income
405‑C Taxable professional income and average taxable professional income

Guide to Division 405

405‑1  What this Division is about

      Significant fluctuations can occur in the professional incomes of authors, inventors, performing artists, production associates and sportspersons.
      To lessen the impact of these fluctuations on your marginal tax rates, special tax rates apply if your professional income is above your average.
      This Division explains how the scheme works and sets out the rules for working out your above‑average special professional income.

Table of sections
405‑5 Special rate of income tax on your above‑average special professional income
405‑10 Overview of the Division

405‑5  Special rate of income tax on your above‑average special professional income
 (1) If you have