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-E - Other payments  

Guide to Subdivision 83-E

SECTION 83-290   What this Subdivision is about  


If a payment you receive in consequence of the termination of your employment is made more than 12 months after the termination of your employment, it does not qualify as an employment termination payment, subject to certain exceptions (see section 82-130 ).

The payment is treated as assessable income and no tax concession is allowed under Division 82 .


TABLE OF SECTIONS
Operative provisions
83-295 Termination payments made more than 12 months after termination etc.


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