Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) You are entitled to a * tax offset on an * unused long service leave payment that ensures that the rate of income tax on the amount of the payment mentioned in subsection (2) does not exceed 30%.
(2) The amount is the part of the * unused long service leave payment included in your assessable income under subsection 83 - 80(1):
(a) to the extent that it is attributable to the * pre - 18/8/93 period; and
(b) to the extent that it is attributable to the * post - 17/8/93 period, if the payment was made in connection with a payment that includes, or consists of, any of the following:
(i) a * genuine redundancy payment; or
(ii) an * early retirement scheme payment; or
(iii) an * invalidity segment of an * employment termination payment or a * superannuation benefit.