The High Court decision in Commissioner of Taxation v Stone and its impact on sport in Australia

Davies, Chris (2006) The High Court decision in Commissioner of Taxation v Stone and its impact on sport in Australia. James Cook University Law Review, 12. pp. 112-127.

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Abstract

During the latter part of the amateur period of the olympic movement, Australia began a series of grants to olympic athletes in order to allow athletes to compete at the olympic Games. With Australia's Olympic athletes now also able to accept prize money and attract sponsorship money, the question arose as to the tax status of this money. In Commisioner of Taxation vs Stone the High Court held that this money was part of an athlete's taxable income. This, it is suggested, brings Australian tax law in line with the International committee's treatment of athletes for the last two decades.

Item ID: 4970
Item Type: Article (Refereed Research - C1)
Keywords: sports law; taxation
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Reproduced with permission from the James Cook University Law Review.

ISSN: 1321-1072
Date Deposited: 18 Sep 2009 00:05
FoR Codes: 18 LAW AND LEGAL STUDIES > 1899 Other Law and Legal Studies @ 100%
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