Dart Pty Ltd (Dart) is a small Australian resident private company that sells sporting equipment to athletic clubs and schools. The company's shares are owned by Mr and Mrs Dart. Dart also owns one rental property in Hornsby, Sydney. This was purchased in March 2016. The current tenant in the Hornsby property has a four-year lease with Dart that commenced on 1 December 2016, at an annual rent of 544,000.

In late 2017, Dart needed to raise some money quickly to finance the expansion of its sporting equipment business and it did not want to do this by using debt finance or equity finance. Therefore, on 1 December 2017, Dart decided to assign to FinCo Pty Ltd (an unrelated party) its right to receive rental income from the Hornsby property for the next two years in return for an immediate lump sum payment of S69,000 (which was the present value of two years of rental income at an agreed rate of return). Dart had never entered such a transaction before and only contemplated this because of its finance needs in late 2017. In late 2019, Dart recommenced receiving the rental payments from the tenant under the lease.

From the above facts, which of the following is most correct in respect to Dart?

O a. The S69,000 would be included in assessable income under s 6-5 based on the second strand of Myer.

O b. Given the transaction is an isolated business transaction, the 569,000 is included in assessable income under s 15-15.

O c. The S69,000 is income under the first strand of Myer and therefore included in assessable income under s 6-5.

O d. The 569,000 is income because every receipt that a company that carries on a business makes is automatically income.