Income Tax (Transitional Provisions) Act 1997
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-15
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NON-ASSESSABLE INCOME
Division 54
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Exemption for certain payments made under structured settlements and structured orders
SECTION 54-1
Application of Division 54 of the
Income Tax Assessment Act 1997
54-1(1)
Division 54 of the Income Tax Assessment Act 1997 applies to assessments for the 2001-2002 income year and later income years.
54-1(2)
However, the Division does not apply unless the date of the settlement or order is 26 September 2001 or a later date.
View history note
Hide history noteDivision 54 of the Income Tax Assessment Act 1997 applies to assessments for the 2001-2002 income year and later income years.
54-1(2)
However, the Division does not apply unless the date of the settlement or order is 26 September 2001 or a later date.
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