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Edited version of private advice
Authorisation Number: 1052081906296
Date of advice: 30 January 2023
Ruling
Subject: Assessable income - rehabilitation payment
Question 1
Is the rehabilitation payment you received assessable income?
Answer
No.
Based on the information provided to the commissioner, the rehabilitation payment you received to assist with your return to work is not assessable income under Section 6-5 of the Income Tax Assessment Act 1997 (ITAA 1997) as it does not meet the definition of ordinary income.
This payment is therefore not required to be declared in your tax return.
This ruling applies for the following period:
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You have received a rehabilitation payment.
This payment is a one-off payment.
The payment was made to assist you to return to work.
The payment was used for reimbursement of your expenses in seeing various health professionals.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 6-5