Veterans' Affairs Legislation Amendment (Budget Measures) Act 2009 (80 of 2009)

Schedule 1   Amendments

Part 3   Provisions relating to dependants' pensions

Income Tax Assessment Act 1997

14   After subsection 52-65(1D)

Insert:

(1E) A lump sum payment under section 198N of the Veterans' Entitlements Act 1986 is exempt from income tax.


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).