Pt 2-15 (heading) substituted by No 66 of 2003.
Pt 2-15 inserted by No 121 of 1997.
Div 54 inserted by No 139 of 2002.
Subdiv 54-C inserted by No 139 of 2002.
54-45 Personal injury lump sum exemption for injured person
(a) there is at least one *personal injury annuity (provided under the same *structured settlement or *structured order) that satisfies the conditions in Subdivision 54-B; and
(b) the other conditions in this Subdivision are satisfied.
Section 54-70 provides a tax exemption if the payment is instead made to the trustee of a trust.
S 54-45 inserted by No 139 of 2002.