Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 61.590

    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).