INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 53 - Various exempt payments  

Operative provisions  

SECTION 53-10   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
.
1A (Repealed by No 13 of 2014)
.
2 Disability services payment Part   III of the Disability Services Act 1986 None
.
3 - 4 (Repealed by No 13 of 2014)
.
4A (Repealed by No 97 of 2008)
.
4B (Repealed by No 109 of 2014)
.
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
.
4D (Repealed by No 13 of 2014)
.
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


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