Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 83-290 What this Subdivision is about
If a payment you receive in consequence of the termination of your employment is made more than 12 months after the termination of your employment, it does not qualify as an employment termination payment, subject to certain exceptions (see section 82-130 ).
The payment is treated as assessable income and no tax concession is allowed under Division 82 .
| Operative provisions | |
| 83-295 | Termination payments made more than 12 months after termination etc. |
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