Income Tax Assessment Act 1997
If you receive an *unused long service leave payment, your assessable income includes the part of the payment shown in this table:
|* Unused long service leave payments|
|Item||To the extent the payment is attributable to the ...||Your assessable income includes this part of it ...|
|1||* pre-16/8/78 period||5 %|
|2||* pre-18/8/93 period||100 %|
|3||* post-17/8/93 period||100 %|
The remainder of that part (if any) of an *unused long service leave payment that is attributable to the *pre-16/8/78 period is not assessable income and is not *exempt income.
If your employment was wholly full-time or wholly part-time during a period, see sections 83-95 , 83-100 and 83-105 to work out the amount of an unused long service leave payment that is attributable to the period.
If your employment was partly full-time and partly part-time during a period, see section 83-110 to work out the amount of an unused long service leave payment that is attributable to the period.
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