A New Tax System (Bonuses for Older Australians) Act 1999 (REPEALED)
Part 3
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Veterans' Affairs customers who qualify for bonus payment
Division 5
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Amount of bonus payment etc
31
31
Making of bonus payment
If the Commission determines that a Veterans' Affairs customer's claim for an aged persons savings bonus payment is to be granted, the Commission must, on behalf of the Commonwealth, make the bonus payment to the customer at such time, and in such manner, as the Commission determines.
If the Commission determines that a Veterans' Affairs customer's claim for an aged persons savings bonus payment is to be granted, the Commission must, on behalf of the Commonwealth, make the bonus payment to the customer at such time, and in such manner, as the Commission determines.
Note:
Under the Income Tax Assessment Act 1997 , an aged persons savings bonus payment is exempt from income tax.
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