INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART III - LIABILITY TO TAXATION  

Division 1AA - Exemption from income tax: payments under the Social Security Act 1991 and the Veterans' Entitlements Act 1986, and similar payments  

Subdivision B - Exemption from income tax - payments under the Social Security Act 1991  

SECTION 24ABZC  

24ABZC   EXEMPT BEREAVEMENT PAYMENT CALCULATOR AA  
The exempt bereavement payment calculator AA is as follows:

EXEMPT BEREAVEMENT PAYMENT CALCULATOR AA
This is how to work out the tax-free amount:
Method statement
Step 1:	Work out the amount of payments under the Social Security Act 1991 that would have been derived by the taxpayer during the bereavement lump sum period and that would have been exempt if:
	(a)	the severely handicapped person had not died; and
	(b)	the severely handicapped person had been under pension age;
	the result is called the notional exempt amount for the taxpayer .
Step 2:	Work out the amount of payments under the Social Security Act 1991 that would have been derived by the severely handicapped person during the bereavement lump sum period if the severely handicapped person had not died: the result is called the notional amount for the caree .
Step 3:	Add up the notional exempt amount for the taxpayer and the notional amount for the caree: the result is the tax-free amount .