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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 1 - INTRODUCTION AND CORE PROVISIONS  

PART 1-4 - CHECKLISTS OF WHAT IS COVERED BY CONCEPTS USED IN THE CORE PROVISIONS  

Division 11 - Particular kinds of non-assessable income    View history reference

Subdivision 11-A - Lists of classes of exempt income    View history reference

SECTION 11-15  

11-15  Ordinary or statutory income which is exempt  

 View history reference
Provisions of the Income Tax Assessment Act 1997 are identified in normal text. The other provisions, in bold, are provisions of the Income Tax Assessment Act 1936.
agricultural industry exit grants  
 tobacco industry exit grants..........53-10
copyright collecting societies ..........51-43
credit unions  
 interest ..........23G
defence  
 Defence Abuse Reparation Scheme, payments under ..........51-5
 Defence Force member, allowances ..........51-5
 Defence Force member, compensation payments for loss of deployment allowance for warlike service ..........51-5
 F-111 Deseal/Reseal Ex-gratia Lump Sum Payments..........51-5
 Former Reserve Defence Force member, compensation payments for loss of pay and/or allowances ..........51-5
 Reserve Defence Force member, pay and allowances ..........51-5
dividends or shares 
 pooled development fund company dividend..........124ZM
 pooled development fund company shares, income from sale of..........124ZN
education and training 
 Apprenticeship Wage Top-Up payment, recipient of..........51-10
 bursary, educational allowance etc. ..........51-10 and 51-35
 Commonwealth Trade Learning Scholarship, recipient of ..........51-10
 CRAFT scheme, employer's income from ..........51-10
 early completion bonuses for apprentices..........51-10 and 51-42
 Endeavour Awards, research fellowship under ..........51-10
 Endeavour Executive Award..........51-10
 foreign student, scholarship and bursary to ..........842-105
 full-time student, income from a scholarship, bursary, other educational allowance or educational assistance ..........51-10 and 51-35
 isolated child, income for the provision of education of ..........51-10 and 51-40
 secondary student, income for the provision of education of ..........51-10 and 51-40
 Skills for Sustainability for Australian Apprentices payment, recipient of..........51-10
 Tools for Your Trade payment (under the program known as the Australian Apprenticeships Incentives Program), recipient of..........51-10
family assistance  
 back to school bonus or single income family bonus ..........52-150
 child care benefit ..........52-150
 child care rebate ..........52-150
 clean energy advance ..........52-150
 economic security strategy payment to families ..........52-150
 ETR payment ..........52-150
 ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 ..........52-162
 families, payments to, under the scheme determined under Schedule 4 to the Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008 ..........52-160
 family tax benefit ..........52-150
 Household Stimulus Package Act (No. 2) 2009, payments under scheme determined under Schedule 4 to the ..........52-165
 single income family supplement ..........52-150
 stillborn baby payment ..........52-150
financial arrangements 
 gains related to exempt income ..........230-30
financial transactions 
 infrastructure borrowings, income in relation to ..........159GZZZZE
 pooled development fund company dividends ..........124ZM
 pooled development fund company shares, income from sale of ..........124ZN
foreign aspects of income taxation 
 approved overseas project, income from ..........23AF
 Australian-American Education Foundation, grant from ..........51-10
 Commonwealth of Nations country officer, official salary and foreign income ..........768-100
 consul and official staff member, official salary and foreign income ..........768-100
 Defence Force member, foreign resident, pay and allowances of ..........842-105
 Defence Force member, pay and allowances from being on eligible duty ..........23AD
 defence of Australia, overseas person's income from assisting in Australia's defence ..........842-105
 diplomat and official staff member, official salary and foreign income ..........768-100
 educational, scientific, religious or philanthropic society, income of a visiting representative of ..........842-105
 expert, foreign resident, remuneration of ..........842-105
 foreign society or association representative, income of ..........842-105
 forex realisation gains, certain ..........775-20
 government representative and members of the entourage, foreign resident, income of ..........842-105
 OBU investment trusts for overseas charitable institutions ..........121EL(2)
 OBU off-shore investment trusts, income to which subsection 121D(6) applies ..........121EL
 overseas charitable institutions, income from OBUs ..........121ELA(1)
 overseas employment income, resident, income of ..........23AG
 persecution victim, payments to ..........768-105
 press representative, foreign, income of ..........842-105
 resistance fighter and victim of wartime persecution, payments to ..........768-105
 United Nations, income from service with ..........23AB
 United States projects, income from approved overseas projects ..........23AA
[foreign investment] (Repealed by No 78 of 2007) 
health 
 Continence Aids Payment Scheme, payments under..........52-175
interest 
 judgement debt, personal injury ..........51-57
 unclaimed money and property ..........51-120
[life assurance] (Repealed by No 89 of 2000) 
life insurance companies ..........Subdivision 320-B
National Disability Insurance Scheme  
 NDIS amounts ..........52-180
non-cash benefits 
 business benefit ..........23L(2)
 exempt fringe benefit ..........23L(1A)
prizes 
 Prime Minister's Literary Awards ..........51-60
 Prime Minister's Prize for Australian History ..........51-60
 Prime Minister's Prize for Science ..........51-60
resale royalty collecting societies ..........51-45
shipping 
 income from shipping activities ..........51-100
[mining] (Repealed by No 66 of 2003) 
[small business retirement exemption] (Repealed by No 56 of 2010) 
social security or like payments 
 ABSTUDY scheme, payment under..........Subdivision 52-E
 Australian Victim of Terrorism Overseas Payment ..........52-10
 Better Start for Children with Disability initiative, Outer Regional and Remote payment under..........52-172
 carer adjustment payment..........53-10
 carers, 2005 one-off payment to, (carer payment related), 2005 one-off payment to carers (carer service pension related) or 2005 one-off payment to carers (carer allowance related) ..........52-10
 carers, 2006 one-off payment to, (carer payment related), 2006 one-off payment to carers (wife pension related), 2006 one-off payment to carers (partner service pension related), 2006 one-off payment to carers (carer service pension related) or 2006 one-off payment to carers (carer allowance related) ..........52-10
 carers, 2007 one-off payment to, (carer payment related), 2007 one-off payment to carers (wife pension related), 2007 one-off payment to carers (partner service pension related), 2007 one-off payment to carers (carer service pension related) or 2007 one-off payment to carers (carer allowance related) ..........52-10
 carers, 2008 one-off payment to, (carer payment related), 2008 one-off payment to carers (wife pension related), 2008 one-off payment to carers (partner service pension related), 2008 one-off payment to carers (carer service pension related) or 2008 one-off payment to carers (carer allowance related) ..........52-10
 carers, one-off payment to, (carer allowance related) or one-off payment to carers (carer payment related) ..........52-10
 carers, payments to, under the scheme determined under Schedule 3 to the Family Assistance Legislation Amendment (More Help for Families - One-off Payments) Act 2004 ..........52-10
 carer supplement ..........52-10
 child disability assistance..........Subdivision 52-A
 clean energy payment under the Social Security Act 1991 ..........52-10
 clean energy payment under the Veterans' Entitlements Act 1986 ..........52-65
 clean energy payment under the scheme prepared under Part VII of the Veterans' Entitlements Act 1986 ..........52-65
 clean energy payment under the Military Rehabilitation and Compensation Act 2004 ..........52-114
 clean energy payment under the scheme determined under section 258 of the Military Rehabilitation and Compensation Act 2004 ..........52-114
 Commonwealth education or training payment..........Subdivision 52-F
 DFISA bonus and DFISA bonus bereavement payment..........52-65
 disability services payment ..........53-10
 economic security strategy payment under the Social Security Act 1991..........52-10
 education entry payment supplement under the Social Security Act 1991..........52-10
 energy assistance payment, one-off payment under the Social Security Act 1991..........52-10
 energy assistance payment, one-off payment under the Veterans' Entitlements Act 1986..........52-65
 ETR payment, payments under the scheme determined under Part 2 of Schedule 1 to the Family Assistance and Other Legislation Amendment (Schoolkids Bonus Budget Measures) Act 2012 ..........52-162
 farm household allowance under the Farm Household Support Act 2014..........Subdivision 52-A
 Helping Children with Autism package, Outer Regional and Remote payment under..........52-170
 Household Stimulus Package Act (No. 2) 2009, payments under the scheme determined under Schedule 4 to the ..........52-165
 older Australians, 2006 one-off payment to, under the Social Security Act 1991 ..........52-10
 older Australians, 2007 one-off payment to, under the Social Security Act 1991 ..........52-10
 older Australians, 2008 one-off payment to, under the Social Security Act 1991 ..........52-10
 pension bonus and pension bonus bereavement payment..........52-10 and 52-65
 persecution victim, payments to..........768-105
 pharmaceutical supplement for Australian participants in British nuclear tests or in the British Commonwealth Occupation Force..........Subdivision 52-CB
 resistance fighter and victim of wartime persecution, payments to..........768-105
 Social Security and Other Legislation Amendment (Economic Security Strategy) Act 2008, payments under the scheme determined under Schedule 4 to the ..........52-160
 Social Security and Veterans' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007, payments under a scheme determined under item 1 of Schedule 2 to the ..........52-10
 Social Security and Veterans' Affairs Legislation Amendment (One-off Payments and Other 2007 Budget Measures) Act 2007, payments under the scheme determined under Schedule 4 to the ..........52-10
 Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008, payments under a scheme determined under item 1 of Schedule 2 to the ..........52-10
 Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments and Other Budget Measures) Act 2008, payments under the scheme determined under Schedule 4 to the ..........52-10
 Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006, payments under the scheme determined under item 1 of Schedule 2 to the ..........52-10
 Social Security and Veterans' Entitlements Legislation Amendment (One-off Payments to Increase Assistance for Older Australians and Carers and Other Measures) Act 2006, payments under the scheme determined under Schedule 4 to the ..........52-10
 Social Security Legislation Amendment (One-off Payments for Carers) Act 2005, payments under the scheme determined under Schedule 2 to the ..........52-10
 social security payments ..........Subdivision 52-A
 training and learning bonus under the Social Security Act 1991..........52-10
 travelling expenses for Australian participants in British nuclear tests or in the British Commonwealth Occupation Force..........Subdivision 52-CB
 veteran, Australian and United Kingdom, payment to ..........53-20
 veteran, payment to ..........Subdivisions 52-B and 52-C
 Veterans' Entitlements Act 1986, lump sum payment under section 198N of the ..........52-65
 wounds and disability pension ..........53-10
 see also welfare 
structured settlements and structured orders  
 annuities and lump sums ..........Subdivisions 54-B, 54-C and 54-D
student  
 see education and training  
superannuation and related business  
 approved deposit fund, continuously complying fixed interest, income from 25 May 1988 deposits ..........295-390 of the Income Tax (Transitional Provisions) Act 1997
 approved deposit fund, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 ..........295-405 (table item 1)
 approved deposit fund, non-reversionary bonuses on policies of life assurance ..........295-335 (table item 1)
 benefits from non-complying funds ..........305-5
 pooled superannuation trust, income from constitutionally protected funds ..........295-335 (table item 2)
 pooled superannuation trust, income from current pension liabilities of complying superannuation funds ..........295-400
 pooled superannuation trust, non-reversionary bonuses on policies of life assurance ..........295-335 (table item 1)
 superannuation fund, income from other assets used to meet current pension liabilities ..........295-390
 superannuation fund, income from segregated current pensions assets ..........295-385
 superannuation fund, non-reversionary bonuses on policies of life assurance ..........295-335 (table item 1)
 superannuation fund, regulated, income from a grant of financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 ..........295-405 (table item 1)
United Nations  
 United Nations Service, income from ..........23AB
venture capital 
 eligible venture capital investments, gain or profit from realisation of ..........51-54
 eligible venture capital investments by ESVCLPs, income derived from..........51-52
 venture capital equity, gain or profit from realisation of..........51-55
[vice regal] (Repealed by No 97 of 2008) 
welfare  
 Disaster recovery payments to special category visa (subclass 444) holders ..........51-30
 maintenance payment..........51-30 and 51-50
 thalidomide payment - payment by the Thalidomide Australia Fixed Trust..........51-30
 see also social security or like payments 

Note:

The following provisions of the Income Tax Assessment Act 1936 give rise to notional exempt income and not exempt income. For this reason the provisions do not appear in the lists of kinds of exempt income.

The provisions are: paragraphs 384(1)(b) and 385(1)(b), subsection 402(2) and section 403.

[CCH Note: S 11-15 will be amended by No 22 of 2017, s 3 and Sch 2 items 6 and 7, by inserting "additional child care subsidy ... 52-150" and substituting "child care subsidy ... 52-150" for "child care benefit ... 52-150" and "child care rebate ... 52-150" in table item headed "family assistance", effective 2 July 2018.]


 



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