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9. Which of the following statements in relation to mutual income is least likely to be correct? (a) Receipts by a club from non-members will
9. Which of the following statements in relation to mutual income is least likely to be correct? (a) Receipts by a club from non-members will often be assessable income (b) Receipts by a club from non-members will always be assessable income. Receipts by a club from members give those receipts a character of mutual income. (d) Receipts by a club from commercial activities can be included in assessable income. (e) Clubs can use any method that produces a reasonably accurate measurement to determine assessable and mutual income. 10. In relation to the following receipts, which of them is least likely to be exempt? (a) A Commonwealth Youth Allowance payment. (b) A Commonwealth scholarship received by a foreign student (c) A payment from the Commonwealth received in relation to the education of isolated children. (d) An early completion bonus of $800 received by an apprentice. (e) A Commonwealth remote area allowance
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