Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

Division 53 - Various exempt payments  

Operative provisions  

SECTION 53-20  

53-20   Exemption of similar Australian and United Kingdom veterans' payments  

The following payments made by the Government of Australia, or the Government of the United Kingdom, are exempt from income tax:

(a) payments similar to payments under the Veterans' Entitlements Act 1986 that are exempt under Subdivision 52-B ;

(b) payments similar to payments that are made because of the Veterans' Entitlements (Transitional Provisions and Consequential Amendments) Act 1986 and are exempt under Subdivision 52-C .