Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-15
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NON-ASSESSABLE INCOME
Division 52
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Certain pensions, benefits and allowances are exempt from income tax
Subdivision 52-E
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Exempt payments under the ABSTUDY scheme
Operative provisions
SECTION 52-134 52-134 Tax-free amount if you receive a bereavement lump sum payment
This is how to work out the tax-free amount for the purposes of subsection 52-131(6) : Method statement
Step 1.(a) your partner had not died; and
(b) your partner had been under pension age; and
(c) immediately before your partner died, you and your partner had been neither an illness separated couple nor a respite care couple.
Step 2.
Step 3.
Step 4.
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Hide history noteSECTION 52-134 52-134 Tax-free amount if you receive a bereavement lump sum payment
This is how to work out the tax-free amount for the purposes of subsection 52-131(6) : Method statement
Step 1.
Work out the payments under the ABSTUDY scheme that would have become due to you during the bereavement lump sum period if:
Step 2.
Work out how much of those payments would have been exempt in those circumstances.
Step 3.
Work out the payments under the ABSTUDY scheme or the Social Security Act 1991 that would have become due to your partner during the bereavement lump sum period if your partner had not died, even if the payments would not have been exempt.
Step 4.
Total the payments worked out at Steps 2 and 3: the result is the tax-free amount .
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