S 27GA repealed by No 15 of 2007, s 3 and Sch 1 item 3, applicable to the 2007-2008 income year and later years. S 27GA formerly read:
SECTION 27GA DEPARTING AUSTRALIA SUPERANNUATION PAYMENT
27GA(1)
[Liability to pay income tax]
A person who receives a departing Australia superannuation payment is liable to pay income tax upon that payment at the rate declared by the Parliament in respect of departing Australia superannuation payments.
Note:
See the
Taxation Administration Act 1953
for provisions dealing with the payment of the tax.
27GA(2)
[Additional income tax]
Income tax payable by a person in accordance with this section is in addition to any other income tax payable by the person upon income other than departing Australia superannuation payments.
27GA(3)
[Superannuation payment not included]
A departing Australia superannuation payment is not to be included in the assessable income of a person.
27GA(4)
[Departing Australia superannuation payment not received]
If an amount would be a departing Australia superannuation payment apart from the fact that the person has not received it, it becomes a departing Australia superannuation payment to the person as soon as it is applied or dealt with in any way on the person's behalf or as the person directs.
[
CCH Note:
For the tax ratings under s 27GA, see s
5
in the
Income Tax (Superannuation Payments Withholding Tax) Act 2002
which commenced 4 April 2002.]
S 27GA inserted by No 15 of 2002.
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