I would like to know how a company that licenses one of their manufacturing methods to another company for a fixed monthly fee would be taxed. Would the amount for the year be assessable as statutory income under section 15-20 of ITAA97 or would this amount be taxed as ordinary income or something else? these are the facts I have been given

'VDSE are also currently licencing one of their manufacturing methods to Globo-Tech Ltd. VDSE are currently receiving a fixed fee of $10,000 per month from Globo-Tech Ltd for the right to use the manufacturing method. She is interested to know how these payments might be assessed'