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Income Tax Assessment Act 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS  

PART 1-4 - CHECKLISTS OF WHAT IS COVERED BY CONCEPTS USED IN THE CORE PROVISIONS  

Division 11 - Particular kinds of non-assessable income  

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Subdivision 11-A - Lists of classes of exempt income  

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SECTION 11-15   11-15   Ordinary or statutory income which is exempt  

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Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 .


acute support packages for veterans and their families
acute support packages for veterans and their families 52-185
agricultural industry exit grants
tobacco industry exit grants 53-10
copyright collecting societies 51-43
Coronavirus economic response payment
certain payments in accordance with the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 53-25
credit unions
interest 23G
defence
Defence Force member, allowances 51-5
Defence Force member, compensation payments for loss of deployment allowance for warlike service 51-5
Defence Force Ombudsman recommendation, reparation payments and additional payments in relation to 51-5
F-111 Deseal/Reseal Ex-gratia Lump Sum Payments 51-5
Former Reserve Defence Force member, compensation payments for loss of pay and/or allowances 51-5
Reserve Defence Force member, pay and allowances 51-5
disasters
2018 storms - relief payments 51-125
dividends or shares
pooled development fund company dividend 124ZM
pooled development fund company shares, income from sale of 124ZN
education and training
Apprenticeship Wage Top-Up payment, recipient of 51-10
bursary, educational allowance etc. 51-10 and 51-35
Commonwealth Trade Learning Scholarship, recipient of 51-10
CRAFT scheme, employer ' s income from 51-10
early completion bonuses for apprentices 51-10 and 51-42
Endeavour Awards, research fellowship under 51-10
Endeavour Executive Award 51-10
foreign student, scholarship and bursary to 842-105
full-time student, income from a scholarship, bursary, other educational allowance or educational assistance 51-10 and 51-35
isolated child, income for the provision of education of 51-10 and 51-40
secondary student, income for the provision of education of 51-10 and 51-40
Skills for Sustainability for Australian Apprentices payment, recipient of 51-10
Tools for Your Trade payment (under the program known as the Australian Apprenticeships Incentives Program), recipient of 51-10
family assistance
additional child care subsidy 52-150
additional economic support payment 2020 or additional economic support payment 2021 52-150
back to school bonus or single income family bonus 52-150
child care subsidy 52-150
clean energy advance 52-150
economic security strategy payment to families 52-150
economic support payment, first or second 2020 payment 52-150
ETR payment 52-150
ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 52-162
families, payments to, under the scheme determined under Schedule 4 to the Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 52-160
family tax benefit 52-150
Household Stimulus Package Act (No. 2) 2009 , payments under scheme determined under Schedule 4 to the 52-165
single income family supplement 52-150
stillborn baby payment 52-150
financial arrangements
gains related to exempt income 230-30
financial transactions
pooled development fund company dividends 124ZM
pooled development fund company shares, income from sale of 124ZN
foreign aspects of income taxation
approved overseas project, income from 23AF
Australian-American Education Foundation, grant from 51-10
Commonwealth of Nations country officer, official salary and foreign income 768-100
consul and official staff member, official salary and foreign income 768-100
Defence Force member, foreign resident, pay and allowances of 842-105
Defence Force member, pay and allowances from being on eligible duty 23AD
defence of Australia, overseas person ' s income from assisting in Australia ' s defence 842-105
diplomat and official staff member, official salary and foreign income 768-100
educational, scientific, religious or philanthropic society, income of a visiting representative of 842-105
expert, foreign resident, remuneration of 842-105
foreign society or association representative, income of 842-105
forex realisation gains, certain 775-20
government representative and members of the entourage, foreign resident, income of 842-105
OBU investment trusts for overseas charitable institutions 121EL(2)
OBU off-shore investment trusts, income to which subsection 121D(6) applies 121EL
overseas charitable institutions, income from OBUs 121ELA(1)
overseas employment income, resident, income of 23AG
persecution victim, payments to 768-105
press representative, foreign, income of 842-105
resistance fighter and victim of wartime persecution, payments to 768-105
United Nations, income from service with 23AB
United States projects, income from approved overseas projects 23AA
[ foreign investment] (Repealed by No 78 of 2007 )
health
Continence Aids Payment Scheme, payments under 52-175
interest
judgement debt, personal injury 51-57
unclaimed money and property 51-120
[ life assurance ] (Repealed by No 89 of 2000)
life insurance companies Subdivision 320-B
National Disability Insurance Scheme
NDIS amounts 52-180
non-cash benefits
business benefit 23L(2)
exempt fringe benefit 23L(1A)
prizes
Prime Minister ' s Literary Awards 51-60
Prime Minister ' s Prize for Australian History 51-60
Prime Minister ' s Prize for Science 51-60
resale royalty collecting societies 51-45
shipping
income from shipping activities 51-100
[ mining] (Repealed by No 66 of 2003)
[ small business retirement exemption] (Repealed by No 56 of 2010)
social security or like payments
ABSTUDY scheme, payment under Subdivision 52-E
additional economic support payment 2020 or additional economic support payment 2021 under the Social Security Act 1991 52-10
additional economic support payment 2020 or additional economic support payment 2021 under the Veterans ' Entitlements Act 1986 52-65
Australian Victim of Terrorism Overseas Payment 52-10
Better Start for Children with Disability initiative, Outer Regional and Remote payment under 52-172
carer adjustment payment 53-10
carers, 2005 one-off payment to, (carer payment related), 2005 one-off payment to carers (carer service pension related) or 2005 one-off payment to carers (carer allowance related) 52-10
carers, 2006 one-off payment to, (carer payment related), 2006 one-off payment to carers (wife pension related), 2006 one-off payment to carers (partner service pension related), 2006 one-off payment to carers (carer service pension related) or 2006 one-off payment to carers (carer allowance related) 52-10
carers, 2007 one-off payment to, (carer payment related), 2007 one-off payment to carers (wife pension related), 2007 one-off payment to carers (partner service pension related), 2007 one-off payment to carers (carer service pension related) or 2007 one-off payment to carers (carer allowance related) 52-10
carers, 2008 one-off payment to, (carer payment related), 2008 one-off payment to carers (wife pension related), 2008 one-off payment to carers (partner service pension related), 2008 one-off payment to carers (carer service pension related) or 2008 one-off payment to carers (carer allowance related) 52-10
carers, one-off payment to, (carer allowance related) or one-off payment to carers (carer payment related) 52-10
carers, payments to, under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families - One-off Payments) Act 2004 52-10
carer supplement 52-10
child disability assistance Subdivision 52-A
clean energy payment under the Social Security Act 1991 52-10
clean energy payment under the Veterans ' Entitlements Act 1986 52-65
clean energy payment under the scheme prepared under Part VII of the Veterans ' Entitlements Act 1986 52-65
clean energy payment under the Military Rehabilitation and Compensation Act 2004 52-114
clean energy payment under the scheme determined under section 258 of the Military Rehabilitation and Compensation Act 2004 52-114
Commonwealth education or training payment Subdivision 52-F
cost of living payment 2022 under the Social Security Act 1991 52-10
cost of living payment 2022 under the Veterans ' Entitlements Act 1986 52-65
disability services payment 53-10
economic security strategy payment under the Social Security Act 1991 52-10
economic support payment, first or second 2020 payment under the Social Security Act 1991 52-10
economic support payment, first or second 2020 payment under the Veterans ' Entitlements Act 1986 52-65
education entry payment supplement under the Social Security Act 1991 52-10
energy assistance payment, one-off payment under the Social Security Act 1991 52-10
energy assistance payment, one-off payment under the Veterans ' Entitlements Act 1986 52-65
ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 52-162
farm household allowance under the Farm Household Support Act 2014 Subdivision 52-A
Helping Children with Autism package, Outer Regional and Remote payment under 52-170
Household Stimulus Package Act (No. 2) 2009 , payments under the scheme determined under Schedule 4 to the 52-165
pension bonus and pension bonus bereavement payment 52-10 and 52-65
persecution victim, payments to 768-105
pharmaceutical supplement for Australian participants in British nuclear tests or in the British Commonwealth Occupation Force Subdivision 52-CB
pharmaceutical supplement for Australian surgical-medical team members Subdivision 52-CC
resistance fighter and victim of wartime persecution, payments to 768-105
Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 , payments under the scheme determined under Schedule 4 to the 52-160
Social Security and Veterans ' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007 , payments under a scheme determined under item 1 of Schedule 2 to the 52-10
Social Security and Veterans ' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007 , payments under the scheme determined under Schedule 4 to the 52-10
Social Security and Veterans ' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008 , payments under a scheme determined under item 1 of Schedule 2 to the 52-10
Social Security and Veterans ' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008 , payments under the scheme determined under Schedule 4 to the 52-10
Social Security and Veterans ' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 , payments under the scheme determined under item 1 of Schedule 2 to the 52-10
Social Security and Veterans ' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006 , payments under the scheme determined under Schedule 4 to the 52-10
Social Security Legislation Amendment (One-off Payments for Carers) Act 2005 , payments under the scheme determined under Schedule 2 to the 52-10
social security payments Subdivision 52-A
training and learning bonus under the Social Security Act 1991 52-10
travelling expenses for Australian participants in British nuclear tests or in the British Commonwealth Occupation Force Subdivision 52-CB
travelling expenses for Australian surgical-medical team members Subdivision 52-CC
veteran, Australian and United Kingdom, payment to 53-20
veteran, payment to Subdivisions 52-B and 52-C
Veterans ' Entitlements Act 1986 , lump sum payment under section 198N of the 52-65
wounds and disability pension 53-10
see also welfare
structured settlements and structured orders
annuities and lump sums Subdivisions 54-B , 54-C and 54-D
student
see education and training
superannuation and related business
approved deposit fund, continuously complying fixed interest, income from 25 May 1988 deposits 295-390 of the Income Tax (Transitional Provisions) Act 1997
approved deposit fund, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 295-405 (table item 1)
approved deposit fund, non-reversionary bonuses on policies of life assurance 295-335 (table item 1)
benefits from non-complying funds 305-5
pooled superannuation trust, income from constitutionally protected funds 295-335 (table item 2)
pooled superannuation trust, income from current pension liabilities of complying superannuation funds 295-400
pooled superannuation trust, non-reversionary bonuses on policies of life assurance 295-335 (table item 1)
superannuation fund, income from other assets used to meet current pension liabilities 295-390
superannuation fund, income from segregated current pensions assets 295-385
superannuation fund, non-reversionary bonuses on policies of life assurance 295-335 (table item 1)
superannuation fund, regulated, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 295-405 (table item 1)
Territories Stolen Generations Redress Scheme
Territories Stolen Generations Redress Scheme payments 53-30
United Nations
United Nations Service, income from 23AB
venture capital
eligible venture capital investments, gain or profit from realisation of 51-54
eligible venture capital investments by ESVCLPs, income derived from 51-52
venture capital equity, gain or profit from realisation of 51-55
[ vice regal] (Repealed by No 97 of 2008 )
welfare
Disaster recovery payments to special category visa (subclass 444) holders 51-30
maintenance payment 51-30 and 51-50
thalidomide payment - payment under the Support for Australia ' s Thalidomide Survivors program 51-30
thalidomide payment - payment by the Thalidomide Australia Fixed Trust 51-30
see also social security or like payments

Note:

The following provisions of the Income Tax Assessment Act 1936 give rise to notional exempt income and not exempt income. For this reason the provisions do not appear in the lists of kinds of exempt income.

The provisions are: paragraphs 384(1)(b) and 385(1)(b) , subsection 402(2) and section 403 .

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