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 83 - Other payments on termination of employment  

Subdivision 83-D - Foreign termination payments  

Operative provisions

SECTION 83-235   83-235   Termination payments tax free - foreign resident period  


A payment received by you is not assessable income and is not *exempt income if:


(a) it was received in consequence of the termination of your employment in a foreign country; and


(b) it is not a *superannuation benefit; and


(c) it is not a payment of a pension or an *annuity (whether or not the payment is a superannuation benefit); and


(d) it relates only to a period of employment when you were not an Australian resident.


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