Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 53.10

Exemption of various types of payments

    This table tells you about the income tax treatment of various types of payments.

 

Exemption of various payments



Item



This type of payment:



... made under:

... is exempt subject to these exceptions and special conditions:

1

Carer adjustment payment

The power of the Commonwealth to make ex - gratia payments

None

2

Disability services payment

Part   III of the former Disability Services Act 1986

None

4C

Tobacco industry exit grant

The program known as the Tobacco Growers Adjustment Assistance Programme 2006

As a condition of receiving the grant, you entered into an undertaking not to become the owner or operator of any agricultural * enterprise within 5 years after receiving the grant

5

Wounds and disability pension

Not applicable

The payment must be:

(a) of a kind specified in section   641 of the Income Tax (Earnings and Pensions) Act 2003 of the United Kingdom; and

(b) similar in nature to payments that are exempt under Division   52 or this Division


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback