Income Tax Assessment Act 1997
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Hide history noteSECTION 61-590 61-590 Definition of MLS lump sums
Both of the following are MLS lump sums paid to an individual:
(a) a lump sum payment of eligible income (within the meaning of section 159ZR of the Income Tax Assessment Act 1936 ) that is included in the individual ' s assessable income for the *current year (but only to the extent that it accrued in an earlier income year);
(b) a lump sum payment that is included in the individual ' s *exempt foreign employment income for the current year (but only to the extent that it accrued during a period ending more than 12 months before the date on which it was paid).
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