In relation to income according to ordinary concepts which of the following statements is least correct?

Select one:

1. If you are not an Australian resident your assessable income includes the ordinary income you derived from Australian sources only.

2. If you are an Australian resident your assessable income includes the ordinary income you derived from all sources.

3. Your assessable income includes income according to ordinary concepts which is called ordinary income.

4. If you are not an Australian resident your assessable income does not include the ordinary income you derived from sources outside of Australia.

5. If you are an Australian resident your assessable income includes the ordinary income you derived from Australian sources only.