INCOME TAX (EXEMPTION) (NO.23) ORDER 1990

INCOME TAX (EXEMPTION) (NO.23) ORDER 1990

 

PU (A) 428

 

IN exercise of the powers conferred by paragraph (b) of subsection (3) of section 127 of the Income Tax Act 1967, the Minister makes the following order:

 

PARAGRAPH 1         CITATION AND COMMENCEMENT

 

1   This Order may be cited as the Income Tax (exemption) (No. 23) Order 1990 and shall be deemed to have effect for the year of assessment 1990 and subsequent years of assessment.

 

PARAGRAPH 2         EXEMPTION

 

2   The minister exempts any person who is a professional sportsman or sportswoman, participating in any sports tournament from payment of income tax (including development tax) in respect of prize moneys received by him or her from such tournament.

 

PARAGRAPH 3         INTERPRETATION

 

3   For the purposes of this Order “professional sportsman or sportswoman” means an individual who engages in sport for a livelihood.

 

 

Made the 7th November 1990.