S 27G repealed by No 15 of 2007, s 3 and Sch 1 item 3, applicable to the 2007-2008 income year and later years. S 27G formerly read:
SECTION 27G INVALIDITY PAYMENTS
an eligible termination payment is made in relation to a taxpayer in consequence of the termination of any employment of the taxpayer; and
the termination of the employment of the taxpayer occurred:
if the eligible termination payment is made before 1 July 1994
s physical or mental incapacity to engage in that employment; or
if the eligible termination payment is made on or after 1 July 1994
the disability of the taxpayer, where 2 legally qualified medical practitioners have certified that the disability is likely to result in the taxpayer being unable ever to be employed in a capacity for which the taxpayer is reasonably qualified because of education, training or experience; and
before the last retirement date in relation to the employment;
so much of the eligible termination payment as is equal to the amount ascertained in accordance with the formula
is the amount of the eligible termination payment;
is the number of whole days in the period from the date on which the termination occurred to the last retirement date; and
is the aggregate of the number of whole days in the eligible service period in relation to the eligible termination payment and the number of whole days represented by component
is an invalidity payment in relation to the taxpayer.
S 27G amended by No 208 of 1992; inserted by No 47 of 1984.