Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 11.55

    The provisions set out in the list make amounts non - assessable non - exempt income.

    Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold , are provisions of the Income Tax Assessment Act 1936 .

 

alienated personal services income
associate, non - deductible payment or obligation to	85 - 20(3)
entitlements to a share of net income that is personal services income already assessable to an individual .............................	86 - 35(2)
payments by personal services entity or associate of personal services income already assessable to an individual	86 - 35(1)
personal services entity, amounts of personal services income assessable to an individual	86 - 30
bonds
see securities
capital gains tax
small business retirement exemption, payments made directly or indirectly to CGT concession stakeholder so company or trust complies with section   152 - 325	152 - 310
cash flow boost
payments in accordance with the Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020	59 - 90
Coronavirus economic response
certain payments in accordance with the Coronavirus Economic Response Package (Payments and Benefits) Act 2020	59 - 95
State and Territory grants to small business relating to the recovery from the coronavirus	59 - 97
Commonwealth small business support payments relating to the coronavirus	59 - 98
COVID - 19 disaster payment	59 - 96
demutualisation of friendly society health or life insurers
amounts related to issue, or transfer from lost policy holders trust, of demutualisation assets	316 - 255
payments received directly, or from lost policy holders trust, in exchange for cancellation or variation of interests under the demutualisation	316 - 255
demutualisation of private health insurers
market value of shares and rights at time of issue ......	315 - 310
payments received in exchange for cancellation or variation of interests under the demutualisation	315 - 310
disasters
2019 - 20 bushfires--payments for volunteer work with fire services	59 - 55
2019 - 20 bushfires--disaster relief payments and non - cash benefits	59 - 60
2019 floods--recovery grants ...................	59 - 85
2019 floods--on - farm grant program .......	59 - 86
2021 floods and storms--recovery grants ...........	59 - 99
Cyclone Seroja--recovery grants ................	59 - 105
dividends
demerger dividends .........................	44(4)
later dividend set off against amount taken to be dividend	109ZC(3), 109ZCA(4)
electricity generation
refund of large - scale generation shortfall charge	59 - 100
employment
early retirement scheme payment, tax free amount of ...	83 - 170
employment termination payment ...............	82 - 10 82 - 65 82 - 70
foreign termination payment ...................	83 - 235 83 - 240
genuine redundancy payment, tax free amount of .....	83 - 170
unused long service leave payment, pre - 16/8/78 period ...............................	83 - 80
see superannuation and sections   82 - 10A and 82 - 10C of the Income Tax (Transitional Provisions) Act 1997
environment
water infrastructure improvement payments .........	59 - 65
farm - in farm - out arrangements
rewards for providing exploration benefits ..........	40 - 1135
financial arrangements
gains related to non - assessable non - exempt income	230 - 30
firearms surrender arrangements
compensation under .........................	59 - 10
foreign aspects of income taxation
attributed controlled foreign company income, amounts paid out of	23AI
attributed foreign investment fund income, amounts paid out of	23AK
certain forex realisation gains ...................	775 - 25
branch profits of Australian companies ............	23AH
distributions of conduit foreign income ............	802 - 20
income derived by foreign residents in exclusive economic zone or on or above continental shelf	768 - 110
foreign equity distributions on participation interests ...	768 - 5
income derived by temporary residents. ............	768 - 910
interest paid by temporary residents ...............	768 - 980
managed investment trust withholding tax, amount subject to	840 - 815
labour mobility program withholding tax, amount subject to	840 - 915
superannuation fund, foreign, interest and dividend income of	128B(3)(jb)
withholding tax, dividend royalty or interest subject to ..	128D
GST
GST payable on a taxable supply ................	17 - 5(a)
increasing adjustments .......................	17 - 5(b) and (c)
investment manager regime
IMR concessions ...........................	842 - 215
life insurance companies ..........................	Subdivision   320 - B
mining
withholding tax, payments to Indigenous persons and distributing bodies subject to	59 - 15
mutual receipts
amounts that would be mutual receipts but for prohibition on distributions to members or issue of MCIs	59 - 35
National Rental Affordability Scheme
payments made, and non - cash benefits provided, by a State or Territory governmental body in relation to participation in the National Rental Affordability Scheme..................................................................	380 - 35
native title benefits
native title benefits ..........................	59 - 50
non - cash benefits
fringe benefits .............................	23L(1)
notional sale and loan
arrangement payments a notional seller receives or is entitled to receive	240 - 40
luxury car leases, lease payments that the lessor receives or is entitled to receive	242 - 40
deemed loan treatment for financial benefits provided for tax preferred use of asset	250 - 160
related entities
amounts from, where deduction reduced for .........	26 - 35(4)
repayable amounts
previously assessable amounts ..................	59 - 30
rights to acquire shares or units
market value of at time of issue .................	59 - 40
small business assets
income arising from CGT event, company or trust owned asset continuously for 15 years	152 - 110(2)
sovereign entities ..............................	Subdivision   880 - C
superannuation
benefits generally ..........................	Divisions   301 to 306
commutation of income stream, under 25 years .......	303 - 5
death benefits .............................	302 - 60 302 - 65 302 - 70 302 - 140
departing Australia superannuation benefits .........	301 - 175
foreign superannuation funds, lump sum benefits .....	305 - 60 305 - 65 305 - 70
KiwiSaver schemes, contributions to complying superannuation funds from	312 - 10
KiwiSaver schemes, superannuation benefits paid from complying superannuation funds to	312 - 15
KiwiSaver schemes, superannuation benefits paid by Commissioner to	312 - 20
member benefits ...........................	301 - 10 301 - 15 301 - 30 301 - 225
release authorities, payments from ...............	303 - 15 303 - 20
roll - over superannuation benefits ..........	306 - 5
superannuation lump sum for recipient having terminal medical condition	303 - 10
unclaimed money payment to government ..........	306 - 20
tax loss transfers
consideration received by loss company from income company, generally	170 - 25(1)
consideration received by loss company from income company, net capital loss	170 - 125(1)
consideration received for transfer of tax losses relating to transitioned petroleum activities	417 - 70
temporary residents
see foreign aspects of income taxation
trading stock
disposal outside ordinary course of business, amounts received upon	70 - 90(2)
transfer of entitlements to deductions
consideration received for transfer of entitlements to deductions relating to transitioned petroleum activities	417 - 70
trusts
attributable income, amounts representing ..........	99B(2A)
family trust distribution tax, amounts subject to .......	271 - 105(3) in Schedule   2F
windfall amounts
business franchise fees, refund of when invalid .......	59 - 20
State tax on Commonwealth place, refund of when invalid	59 - 25
withholding taxes
see foreign aspects of income taxation and mining