Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 82.155

What is a pre-July 83 segment of an employment termination payment?

             (1)  An * employment termination payment includes a pre-July 83 segment if any of the employment to which the payment relates occurred before 1 July 1983.

             (2)  Work out the amount of the pre-July 83 segment as follows:

Step 1.    Subtract the * invalidity segment (if any) from the * employment termination payment.

Step 2.    Multiply the amount at step 1 by the fraction:

      



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