A New Tax System (Bonuses for Older Australians) Act 1999 (REPEALED)
Part 4
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ATO clients who qualify for bonus payment
Division 5
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Amount of bonus payment etc
46
46
Making of bonus payment
If the Commissioner determines that an ATO client's claim for a bonus payment is to be granted, the Commissioner must, on behalf of the Commonwealth, make the bonus payment to the client at such time, and in such manner, as the Commissioner determines.
If the Commissioner determines that an ATO client's claim for a bonus payment is to be granted, the Commissioner must, on behalf of the Commonwealth, make the bonus payment to the client at such time, and in such manner, as the Commissioner determines.
Note:
Under the Income Tax Assessment Act 1997 , a bonus payment is exempt from income tax.
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