Catchwords
Income tax – Income - Whether taxpayer turned her athletic talent to account for money - Whether receipt of prize money, government grants, appearance fees and sponsorship payments constitute assessable income - Whether income derived from conduct of a "business" - Whether conduct of business a relevant consideration.
Words and phrases – "assessable income", "business", "professional sport".
Income Tax Assessment Act 1997 (Cth) – ss 3-1, 4-1, 4-15, 6-5(1).
Income Tax Assessment Act 1936 (Cth) – s 6(1).