Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
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RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 83
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Other payments on termination of employment
Subdivision 83-E
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Other payments
Guide to Subdivision 83-E
SECTION 83-290 What this Subdivision is about
View history note
Hide history noteSECTION 83-290 What this Subdivision is about
If a payment you receive in consequence of the termination of your employment is made more than 12 months after the termination of your employment, it does not qualify as an employment termination payment, subject to certain exceptions (see section 82-130 ).
The payment is treated as assessable income and no tax concession is allowed under Division 82 .
| Operative provisions | |
| 83-295 | Termination payments made more than 12 months after termination etc. |
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