INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS  

Division 82 - Employment termination payments  

Subdivision 82-C - Key concepts  

Operative provisions

SECTION 82-155   What is a pre-July 83 segment of an employment termination payment?  

82-155(1)  
An *employment termination payment includes a pre-July 83 segment if any of the employment to which the payment relates occurred before 1 July 1983.

82-155(2)  
Work out the amount of the pre-July 83 segment as follows:


Step 1.

Subtract the *invalidity segment (if any) from the *employment termination payment.


Step 2.

Multiply the amount at step 1 by the fraction:


Number of days of employment to which the payment relates that occurred before 1 July 1983
Total number of days of employment to which the payment relates


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