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Exempt income

Amounts not included as income
You may have received amounts that aren't subject to tax, so they aren't included as part of your assessable income, but they may be used in other calculations on your tax return.
Exempt foreign employment income
If you are an Australian resident working overseas, this will help you to work out whether or not your income is exempt from income tax in Australia.
How to offset your losses
If you have exempt income, you generally must reduce your losses by that amount.