INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 1AA - Exemption from income tax: payments under the Social Security Act 1991 and the Veterans' Entitlements Act 1986, and similar payments  

Subdivision B - Exemption from income tax - payments under the Social Security Act 1991  

SECTION 24ABZD  

24ABZD   EXEMPT BEREAVEMENT PAYMENT CALCULATOR AB  
The exempt bereavement payment calculator AB is as follows:

EXEMPT BEREAVEMENT PAYMENT CALCULATOR AB
This is how to work out the tax-free amount:
Method statement
Step 1:	Work out the amount of payments under the Social Security Act 1991 that would have been derived by the taxpayer during the bereavement lump sum period and that would have been exempt if:
	(a)	the partner had not died; and
	(b)	the partner had been under pension age; and
	(c)	if immediately before the partner's death the couple were an illness separated couple or a respite care couple - they were not such a couple;
	the result is called the notional exempt amount for the taxpayer .
Step 2:	Work out the amount of payments (if any) under the Social Security Act 1991 that would have been derived by the partner during the bereavement lump sum period if the partner had not died; the result is called the notional amount for the partner .
Step 3:	Add up the notional exempt amount for the taxpayer and the notional partner amount: the result is the tax-free amount .