S 27GA repealed by No 15 of 2007, s 3 and Sch 1 item 3, applicable to the 2007-2008 income year and later years. S 27GA formerly read:
[Additional income tax]
SECTION 27GA DEPARTING AUSTRALIA SUPERANNUATION PAYMENT
[Liability to pay income tax]
A person who receives a departing Australia superannuation payment is liable to pay income tax upon that payment at the rate declared by the Parliament in respect of departing Australia superannuation payments.
Taxation Administration Act 1953
for provisions dealing with the payment of the tax.
Income tax payable by a person in accordance with this section is in addition to any other income tax payable by the person upon income other than departing Australia superannuation payments.
[Superannuation payment not included]
A departing Australia superannuation payment is not to be included in the assessable income of a person.
[Departing Australia superannuation payment not received]
If an amount would be a departing Australia superannuation payment apart from the fact that the person has not received it, it becomes a departing Australia superannuation payment to the person as soon as it is applied or dealt with in any way on the person's behalf or as the person directs.
For the tax ratings under s 27GA, see s
Income Tax (Superannuation Payments Withholding Tax) Act 2002
which commenced 4 April 2002.]
S 27GA inserted by No 15 of 2002.