Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 83.290

What this Subdivision is about

If a payment you receive in consequence of the termination of your employment is made more than 12 months after the termination of your employment, it does not qualify as an employment termination payment, subject to certain exceptions (see section   82 - 130).

The payment is treated as assessable income and no tax concession is allowed under Division   82.

Table of sections

Operative provisions

83 - 295   Termination payments made more than 12 months after termination etc.


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