Commonwealth of Australia Consolidated Acts Commonwealth of Australia Consolidated ActsThe assessable income of an entity does not include the amounts set out in this table.
Note: For an explanation of the acronyms used, see section 295- 35.
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Amounts excluded from assessable income |
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Item |
This entity: |
Does not include this in assessable income: |
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1 |
CSF CADF PST |
A bonus on a * life insurance policy (except a reversionary bonus) |
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2 |
PST |
Amount attributable to amounts received from a * constitutionally protected fund |
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3 |
A bonus on a * life insurance policy that is an *RSA (except a reversionary bonus) |
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Table of sections
295-385 Income from assets set aside to meet current pension liabilities
295-390 Income from other assets used to meet current pension liabilities
295-395 Meaning of segregated non-current assets
295-400 Income of a PST attributable to current pension liabilities
295-405 Other exempt income
295-410 Amount credited to RSA