Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-40 - RULES AFFECTING EMPLOYEES AND OTHER TAXPAYERS RECEIVING PAYG WITHHOLDING PAYMENTS  

Division 82 - Employment termination payments  

Subdivision 82-C - Key concepts  

Operative provisions

SECTION 82-140  

82-140   Tax free component of an employment termination payment  

The tax free component of an *employment termination payment is so much of the payment as consists of the following:

(a) the *invalidity segment of the payment;

(b) the *pre-July 83 segment of the payment.