Income Tax Assessment Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-40
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RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS
Division 82
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Employment termination payments
Subdivision 82-C
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Key concepts
Operative provisions
SECTION 82-155 What is a pre-July 83 segment of an employment termination payment? 82-155(1)
An *employment termination payment includes a pre-July 83 segment if any of the employment to which the payment relates occurred before 1 July 1983.
82-155(2)
Work out the amount of the pre-July 83 segment as follows:
Step 1.
Step 2.
View history note
Hide history noteSECTION 82-155 What is a pre-July 83 segment of an employment termination payment? 82-155(1)
An *employment termination payment includes a pre-July 83 segment if any of the employment to which the payment relates occurred before 1 July 1983.
82-155(2)
Work out the amount of the pre-July 83 segment as follows:
Step 1.
Subtract the *invalidity segment (if any) from the *employment termination payment.
Step 2.
Multiply the amount at step 1 by the fraction:
| Number of days of employment to which the payment relates that occurred before 1 July 1983 | ||
| Total number of days of employment to which the payment relates |
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