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INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS    View history reference

Division 83 - Other payments on termination of employment    View history reference

Subdivision 83-D - Foreign termination payments    View history reference

Operative provisions

SECTION 83-235  

83-235  Termination payments tax free - foreign resident period  

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A payment received by you is not assessable income and is not *exempt income if:


(a) it was received in consequence of the termination of your employment in a foreign country; and


(b) it is not a *superannuation benefit; and


(c) it is not a payment of a pension or an *annuity (whether or not the payment is a superannuation benefit); and


(d) it relates only to a period of employment when you were not an Australian resident.


 



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