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INCOME TAX ASSESSMENT ACT 1997 - SECT 83.95

How to work out amount of payment attributable to each period

             (1)  Work out how much of an * unused long service leave payment is attributable to a period as follows:

                     (a)  for the * pre-18/8/93 period or to the * post-17/8/93 period--use the formula in subsection (2);

                     (b)  for the * pre-16/8/78 period--subtract the sum of the amounts (if any) worked out for paragraph (a) for the other 2 periods from the total amount of the payment.

             (2)  For the * pre-18/8/93 period or the * post-17/8/93 period, the formula is:

where:

"total unused long service leave days" means the total number of unused days of long service leave in the * long service leave employment period for the payment.

"unused long service leave days in the relevant period" means the number of unused days of long service leave in the * pre-18/8/93 period or the * post-17/8/93 period (as applicable), worked out under section 83-100.

Note 1:       For the meaning of unused days of long service leave , see section 83-100.

Note 2:       Section 83-110 explains how to work out the period of unused long service leave if your employment was partly full-time and partly part-time during the period.



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