1.1.I.30 Income year

Definition

For the purposes of the PPL scheme income test, the income has the same meaning as in the Income Tax Assessment Act 1997 and year is the same as the financial year.

Act reference: PPLAct section 6 The Dictionary

Income Tax Assessment Act 1997 section 4-10(2) How to work out how much income tax you must pay

Policy reference: PPL Guide 2.2.3 PPL scheme income test for PLP, 1.1.I.20 Income test

Last reviewed: 4 January 2021