Income of Particular Industries and Activities
7.27. The present law contains a number of special provisions that affect net income arising from the conduct of
particular industries and activities or the tax payable in relation to them; and the operation of the general
provisions poses special problems in relation to these and other industries and activities. In certain instances,
incentives
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are given through exemption of income receipts and favourable treatment of expenses. Various
industries and activities, including primary production, mining, superannuation and life insurance, and general
insurance, are examined individually in a series of later chapters.