Income Tax Assessment Act 1997
View history note
Hide history noteA payment to an individual is not assessable income and is not *exempt income if:
(a) the purpose of the payment is to compensate the individual for the loss of income as a result of the individual performing volunteer work with a fire service (however described) of a State or Territory; and
(b) the work is performed during the 2019-20 income year; and
(c) the payment is made by a State or Territory and is covered by an agreement between the Commonwealth and that State or Territory; and
(d) the payment is made on or after 1 January 2020.
59-55(2)
However, this section does not apply to:
(a) a payment received in the individual ' s capacity as an employee or contractor (including a payment of an entitlement to paid leave); or
(b) a workers ' compensation payment.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
