INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 54 - Exemption for certain payments made under structured settlements and structured orders  

SECTION 54-1   Application of Division 54 of the Income Tax Assessment Act 1997  

54-1(1)  
Division 54 of the Income Tax Assessment Act 1997 applies to assessments for the 2001-2002 income year and later income years.

54-1(2)  
However, the Division does not apply unless the date of the settlement or order is 26 September 2001 or a later date.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.