Here's a list of the documents and information we usually need to process a private ruling request or objection about whether monies you receive from an income protection policy are assessable. If you provide supporting information will reduce the time it takes us to process your request.
If you want to apply for a private ruling about income protection policy receipts, you need to:
- complete and submit the relevant private ruling application form (for tax professionals or not for tax professionals)
- provide the supporting information listed below.
If you want to lodge an objection about income protection policy receipts, you'need to:
- complete and submit the relevant objection form (for taxpayers or tax professionals)
- provide the supporting information listed below.
Note: Check first whether your question is answered on our website.
See also
Supporting information
Note: If you've previously provided us with any of the information listed below, you don't need to provide it again
The information we need for a private ruling or objection about income protection policy receipts includes:
- whether you are an Australian resident for income tax purposes
- whether the payment is being made from an Australian source, and if not, details of the source
- what date did the payments commenced
- where the payment is a lump sum, the date or anticipated date of payment
- why the payment is being made (for example, the terms of the insurance policy under which the payments are being made)
- if not a lump sum, how often the payments are made
- the purpose of the payment (for example, whether the payment is made as a source of income support)
- a copy of the policy under which the payments are being made.
Next steps
- Private ruling application form
- Objection form – for taxpayers
- Objection form – for tax professionals