Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 53.20

                   The following payments made by the Government of Australia, or the Government of the United Kingdom, are exempt from income tax:

                     (a)  payments similar to payments under the Veterans' Entitlements Act 1986 that are exempt under Subdivision 52-B;

                     (b)  payments similar to payments that are made because of the Veterans' Entitlements (Transitional Provisions and Consequential Amendments) Act 1986 and are exempt under Subdivision 52-C.

Table of Subdivisions

             Guide to Division 54

54-A     Definitions

54-B      Tax exemption for personal injury annuities

54-C      Tax exemption for personal injury lump sums

54-D     Miscellaneous

Guide to Division 54