Income Tax Assessment Act 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-15 - NON-ASSESSABLE INCOME  

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History

Pt 2-15 (heading) substituted by No 66 of 2003.

Pt 2-15 inserted by No 121 of 1997.

Division 52 - Certain pensions, benefits and allowances are exempt from income tax  

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Div 52 inserted by No 121 of 1997.

Subdivision 52-E - Exempt payments under the ABSTUDY scheme  

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Subdiv 52-E inserted by No 184 of 2007, s 3 and Sch 3 item 4, applicable in relation to a payment made on or after 1 January 2008.

Former Subdiv 52-E repealed by No 66 of 2003 and inserted by No 60 of 1999.

Guide to Subdivision 52-E

SECTION 52-130  

52-130   What this Subdivision is about  

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This Subdivision tells you:

(a) the payments under the ABSTUDY scheme that are wholly or partly exempt from income tax; and

(b) any special circumstances, conditions or exceptions that apply to a payment in order for it to be exempt; and

(c) how to work out how much of a payment is exempt.

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S 52-130 inserted by No 184 of 2007, s 3 and Sch 3 item 4, applicable in relation to a payment made on or after 1 January 2008.

TABLE OF SECTIONS

TABLE OF SECTIONS

Operative provisions
52-131	Payments under ABSTUDY scheme
52-132	Supplementary amount of payment
52-133	Tax free amount of ordinary payment on death of partner if no bereavement payment payable
52-134	Tax-free amount if you receive a bereavement lump sum payment

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