Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 83.15

Entitlement to tax offset

                         You are entitled to a * tax offset to ensure that the rate of tax on an * unused annual leave payment does not exceed 30%, to the extent that:

                     (a)  the payment was made in connection with a payment that includes, or consists of, any of the following:

                              (i)  a * genuine redundancy payment;

                             (ii)  an * early retirement scheme payment;

                            (iii)  the * invalidity segment of an * employment termination payment or * superannuation benefit; or

                     (b)  the payment was made in respect of employment before 18 August 1993.

Guide to Subdivision 83-B



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback