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 I - Exemption from income tax - wounds and disability pensions  

SECTION 24AI  

24AI   WOUNDS AND DISABILITY PENSIONS  
Payments are exempt if:

(a) the payments are of wounds and disability pensions of the kinds specified in subsection 315(2) of the Income and Corporation Taxes Act 1988 of the United Kingdom; and

(b) the payments are not of a similar nature to payments that are not exempt under other Subdivisions of this Division.